is a financial arrangement with a bank or credit union that lets you safely deposit, store, withdraw, transfer money, and track your financial transactions.

is a financial plan that tracks expected income and expenses over a specific period of time.

a state of equilibrium, where physical, mental, financial, or opposing forces are held in equal or stable proportions

means money in the form of physical coins and paper banknotes, or liquid assets that can be used immediately.

is a deposit account held at a financial institution (such as a bank or credit union) that allows you to store money and access it immediately for everyday spending and transactions

the process of transmitting, reconciling, and confirming payment orders or trade details between financial institutions before the actual money or assets move.

receiving goods, services, or money now with a promise to pay for them later, usually with added interest

is a fixed, flat dollar amount you pay for a covered healthcare service or prescription at the time you receive it

an accounting entry or a financial transaction that records money taken out of a bank account or an increase in an asset/expense account

t cash or funds into your debit or prepaid card account using several common methods outlined

Double Entry Accounting

s a financial record-keeping method where every transaction is recorded in at least two separate accounts as equal and opposite debits and credits

the cost of operations, goods, services, or everyday living that results in an outflow of money with no expected future economic benefit.

any money, property, or service that an individual or business receives in exchange for labor, the sale of goods, or the investment of capital

personal curiosity, financial charges, and legal rights

the total amount of money an employee takes home in their paycheck after all taxes and deductions are subtracted from their gross pay.

a document provided by an employer that details how an employee's pay was calculated for a specific pay period.

first or highest in rank, importance, or value as an adjective, or a chief figure, money amount, or leader as a noun.

is the act of moving, shifting, or conveying a person, object, money, ownership, or responsibility from one place, person, or situation to another.

the essential services and infrastructure required to make a home, apartment, or business livable and functional

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budgeting and money

budgeting and money management

Term	Definition
Bank Account	is a financial arrangement with a bank or credit union that lets you safely deposit, store, withdraw, transfer money, and track your financial transactions.
Budget	is a financial plan that tracks expected income and expenses over a specific period of time.
Balance	a state of equilibrium, where physical, mental, financial, or opposing forces are held in equal or stable proportions
Cash	means money in the form of physical coins and paper banknotes, or liquid assets that can be used immediately.
Checking Account	is a deposit account held at a financial institution (such as a bank or credit union) that allows you to store money and access it immediately for everyday spending and transactions
Clearing	the process of transmitting, reconciling, and confirming payment orders or trade details between financial institutions before the actual money or assets move.
Credit	receiving goods, services, or money now with a promise to pay for them later, usually with added interest
copay	is a fixed, flat dollar amount you pay for a covered healthcare service or prescription at the time you receive it
Debit	an accounting entry or a financial transaction that records money taken out of a bank account or an increase in an asset/expense account

Deposit	t cash or funds into your debit or prepaid card account using several common methods outlined
Double Entry Accounting	s a financial record-keeping method where every transaction is recorded in at least two separate accounts as equal and opposite debits and credits
Expense	the cost of operations, goods, services, or everyday living that results in an outflow of money with no expected future economic benefit.
Income	any money, property, or service that an individual or business receives in exchange for labor, the sale of goods, or the investment of capital
Interest	personal curiosity, financial charges, and legal rights
Net Pay	the total amount of money an employee takes home in their paycheck after all taxes and deductions are subtracted from their gross pay.
Paystub	a document provided by an employer that details how an employee's pay was calculated for a specific pay period.
Principal	first or highest in rank, importance, or value as an adjective, or a chief figure, money amount, or leader as a noun.
Transfer	is the act of moving, shifting, or conveying a person, object, money, ownership, or responsibility from one place, person, or situation to another.
Utilities	the essential services and infrastructure required to make a home, apartment, or business livable and functional

Created by: mglasier32

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