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Banzai Vocabulary

Financial Literacy

TermDefinition
Budget a plan for expenses and resources
Debit Card linked to a checking account and can be used at an ATM
Credit Card an agreement to spend money and pay back later with interest
Checking Account an account where you can write checks and use an debit card
Savings Account a safe place to store money
Transfer moving money from one account to another account
Debt owing money
Withdrawal the act of removing money from an account
Overdraft a fee for spending more money than you have
Federal tax a tax that is paid to the government
State tax a tax that is paid to the state
Utility cost the cost for electricity, gas, heat, sewer, and water
Deposit the act of adding money to an account
Created by: krooney
Popular Family and Consumer sets

 

 



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