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19 questions
A valuable resource that is owned by a person, company, or government in order to get an economic benefit.
A plan of your expected income and how you will use it to meet your expected expenses over a period of time
Plan
Budget
Statement
Income
Expenses that are essential for you to be able to live and function
Wants
Cost of Living
Needs
Variable Expense
To sign the back of a check made out to you so it can be cashed or deposited
A fee paid to you for keeping your money in an account OR a fee charged to you for a loan or credit card
Maintenance
Annual Percentage
Insurance
Interest
To compare your bank's monthly account statement with your own records of activity for the same account
Money you put into your account
Deposit
Balance
Income
Expense
A set amount you are paid for every hour that you work; also called hourly pay
Salary
Wage
Revenue
Credit
Expenses that help you live more comfortably
A sum of money deducted FROM your account
Credit
Deposit
Asset
Debit
A measurement of your assets minus your liabilities ; also called net worth
The amount of money you have in your bank account
Balance
Deposit
Income
Credit
A fixed amount that you are paid over a period of time, regardless of how many hours you work
Budget
Revenue
Wage
Salary
Items or services you pay for such as rent, groceries, entertainment, bills, etc.
Charge
Expense
Liability
Revenue
The amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, taxes, and healthcare; often used when comparing how expensive it is to live in one city versus another
Protects the deposits of customers against loss up to $250,000 per account | Maintenance Fee | ||
A card that is directly connected to your checking account; to make purchases instead of using cash | FDIC Insurance | ||
A card that allows the holder to make purchases without cash by borrowing money | Debit Card | ||
An automatic electronic deposit of net pay to an employee's designated bank account | Credit Card | ||
A monthly fee that some banks charge to provide access to checking or savings accounts | Direct Deposit |
A sum of money deposited INTO an account
Debit
Credit
Balance
Add
A monthly document prepared by your financial institution which shows all of the transactions related to your account
A cost that can be expected at regular intervals and that remains the same amount
Revenue
Variable Expense
Cost of Living
Fixed Expense
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