of income and expenditure for a set period of time

Check filling in the date

, payee name, amount in numbers and words, and signing it with blue/black ink

A bank account that allows for easy, frequent deposits and withdrawals, typically used for daily spending through checks, debit cards, and ATM access.

A personal, manual, or digital record used to track all transactions (checks, deposits, ATM, and debit card usage) in a checking account to maintain an accurate, real

Interest calculated on the initial principal (original deposit) plus all accumulated interest from previous periods, allowing savings to grow at a faster rate.

The outstanding balance owed to a credit card issuer on purchases,, which accrues high

A payment card that immediately deducts money from a user's checking account to pay for goods or services.

A U.S. government corporation that provides deposit insurance (typically up to $250,000) for depositors in insured banks, ensuring funds are safe if the institution fails

A comprehensive,, written guide that outlines an individual's financial goals, budget, savings, investment approach, and risk management strategies.

A recurring, predictable cost that remains relatively the same every month

A contract (policy) where an individual receives financial protection or reimbursement against losses from an insurance company

Assets purchased with the goal of generating income or capital appreciation in the future, such as stocks, bonds, or mutual funds.

(Individual Retirement Account): A personal savings plan that allows money to grow tax

(Essential Requirements for Survival): Fundamental, non

Online banking, also known as internet or virtual banking, is a digital service allowing customers to securely manage accounts and perform financial transactions

A savings account is a deposit account held at a bank or credit union that provides principal security and a modest interest rate.

investment, or account used to reduce, defer, or eliminate taxable income.

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vocab 7

Question	Answer
401k	is an employer
529 plan	plan is a tax
Budget an estimate	of income and expenditure for a set period of time
Certificate of deposit	is a low
Check filling in the date	, payee name, amount in numbers and words, and signing it with blue/black ink
Checking account	A bank account that allows for easy, frequent deposits and withdrawals, typically used for daily spending through checks, debit cards, and ATM access.
checkbook register	A personal, manual, or digital record used to track all transactions (checks, deposits, ATM, and debit card usage) in a checking account to maintain an accurate, real
Compounding interest	Interest calculated on the initial principal (original deposit) plus all accumulated interest from previous periods, allowing savings to grow at a faster rate.
Credit card debt	The outstanding balance owed to a credit card issuer on purchases,, which accrues high
Debit card	A payment card that immediately deducts money from a user's checking account to pay for goods or services.
Fdic	A U.S. government corporation that provides deposit insurance (typically up to $250,000) for depositors in insured banks, ensuring funds are safe if the institution fails
Financial plan	A comprehensive,, written guide that outlines an individual's financial goals, budget, savings, investment approach, and risk management strategies.
Fixed expense	A recurring, predictable cost that remains relatively the same every month
Income Money received, such as salaries, wages, or investments, on a regular or irregular basis.
Insurance:	A contract (policy) where an individual receives financial protection or reimbursement against losses from an insurance company
Investments:	Assets purchased with the goal of generating income or capital appreciation in the future, such as stocks, bonds, or mutual funds.
IRA	(Individual Retirement Account): A personal savings plan that allows money to grow tax
Needs	(Essential Requirements for Survival): Fundamental, non
Online banking	Online banking, also known as internet or virtual banking, is a digital service allowing customers to securely manage accounts and perform financial transactions
Saving account	A savings account is a deposit account held at a bank or credit union that provides principal security and a modest interest rate.
Stocks
	A type of security that represents partial ownership (equity) in a corporation. When you buy a share of stock, you own a small slice of that business, entitling you to a proportional share of its assets and profits.
Any legal strategy	investment, or account used to reduce, defer, or eliminate taxable income.
Costs that fluctuate in amount from month to month based on usage, consumption habits, or lifestyle choices
Wants
	Optional, non

Created by: user-1967282

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