Full Personal Finance Vocabulary Terms
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Income | The amount of money you earn. This can be from a job or investments.
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| Bill | A notice that you owe someone money.
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| Budget | A spending plan.
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| Deposit | To put money into a bank.
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| Withdraw | To take money out of an account.
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| Savings | Money saved or put away to be used later.
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| Cash | Money, both paper and coins.
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| Check | A written notice to a bank to pay your money from an account.
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| Debit Card | Plastic card used to pay for purchases instead of a check.
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| Checkbook | Book showing all deposits and withdrawals from a bank account.
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| Service Charge | Fee you pay to a bank to have an account there.
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| Overdraft | To spend more money than you have in your bank account.
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| Insufficient Funds Charge (NSF) | A fee charged when your account doesn't have enough money for the checks you write.
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| Statement | A written record of all transactions with banking or credit accounts.
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| Balance | Amount remaining
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| Interest | Fee paid for the use of borrowed money.
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| Credit | Borrowing money and promising to pay it back later with interest added.
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| Loan | Money borrowed to use now with the promise to pay it back later with extra fees.
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| Credit Card | Plastic card used to buy things with borrowed money.
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| Credit Line | The maximum you can borrow on your credit card.
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| Interest Rate | The yearly rate that determines how much interest you will pay for loans.
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| Annual Fee | A yearly charge to have credit cards.
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| Minimum payment | The least amount you may pay on a bill or loan.
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| Late fee | A fee charged for making a late payment on your credit card balance or a bill.
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| Credit Rating/Score | A record of your borrowing and payment history.
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| Spending | Giving money in order to receive a good or a service.
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| Investing | Allowing others to use your money in return for giving you interest.
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