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Personal Finance 1
| Question | Answer |
|---|---|
| Account | a place for you to keep money at a bank or credit union |
| Bills | money that you owe for things like water, heat, electricity, internet, and debt |
| Budget | a plan for how much you want to spend in different areas based on how much money you make |
| Credit Card | a card you use to BORROW money and make purchases up to a certain limit and then pay it back later WITH i interest |
| Debit Card | a card that withdraws money from your checking account at a bank or credit union to pay for something |
| Checking Account | an account at a bank meant for everyday transactions |
| Withdraw | take money OUT of an account |
| Deposit | put money INTO an account |
| Debt | something (typically money) that is owed to someone else |