Savings Accounts Expenses Checking Accounts Income & Taxes Miscellaneous
100
What is interest?
The money the banks pays you for keeping money in an account.
100
What is a budget?
A tool can you use to manage your monthly expenses.
100
What is a checking account?
The type of account that can be used to pay your bills.
100
What is net pay?
The amount you take home in pay after taxes and other deductions are removed.
100
What is a debit card?
This can be used to take money out of your account at an ATM or make purchases at a store.
200
What is a statement savings account?
The type of account that allows you to set aside money and you receive monthly statements.
200
What are fixed expenses?
Costs that stay the same every month.
200
What is the written amount?
This is the legal amount of a check.
200
What is gross pay?
The total amount of pay you make.
200
What is a withdrawal?
When you take money out of an account.
300
What is a passbook savings account?
The type of account you can only withdraw money from when you bring the book to the bank.
300
What are variable expenses?
Costs that change every month.
300
What is a check register?
Where you keep track of your checking account transactions (debits and credits).
300
What is excise tax?
The tax you pay on your car.
300
What is the grace period?
The time when you can make deposits or withdrawals from a Certificate of Deposit without paying a penalty.
400
What is a certificate of deposit?
A savings account you are not allowed to make withdrawals from until it's in the grace period.
400
What is a variable expense?
A credit card bill is this kind of expense.
400
What is two times?
The number of times a check must be signed before it can be cashed or deposited.
400
What is health insurance?
This is taken out of your paycheck to pay for your current health care.
400
What is credit score?
The score given to each person that determines how likely they are to repay a loan.
500
What is compound interest?
When you receive interest on both the principal and interest already earned.
500
What is a fixed expense?
Rent is this kind of expense.
500
What is an overdraft (bounced check)?
When you write a check for more money than what you have in your account.
500
What is medicare?
This is taken out of your paycheck to go towards health care in retirement.
500
What is a stale-dated check?
When the date of a check is past 6 months old.






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