| Other ways of earning money | Banking | Credit | Checking | Paycheck |
|---|---|---|---|---|
|
What is “saving money?”
The opposite of spending money.
|
What is a “withdrawal?”
The amount of money taking out of an account.
|
What is a “credit card?”
A way to buy now and pay later.
|
What is a “deposit?”
The amount of money put into an account.
|
What is “salary?”
A fixed regular payment, typically paid on a monthly or biweekly basis.
|
|
What is “stealing?”
An illegal way of getting money.
|
What is a “ATM?”
The name of the machine into which you can insert a card and withdraw money from your account.
|
What is a “credit report?”
A report listing your debts, activity on your accounts and credit rating.
|
What is “rent?”
When you pay someone for the use of something.
|
What is a “deduction?”
The amount of money taken out of your paycheck.
|
|
What is a “stock?”
When you invest in a company and get a small portion of the company.
|
What is a “credit union?”
A non-profit organization that offers financial services.
|
What is “balance?”
The amount of money that still needs to be paid on a loan.
|
What is a “bank statement?”
A record of deposits, withdrawals and the balance in your account.
|
What is “basic personal amount?”
The highest amount of money you can earn before you get taxed annually. ($11,474)
|
|
What is a “retirement plan?”
A plan of saving money for when you are no longer are working.
|
What is “identity theft?”
The stealing of your personal information to commit crimes.
|
What is an “unauthorized charge?”
A purchase on your credit card that you did not make or permit anyone else to make.
|
What is “interest?”
Money the bank pays you for keeping your money in an account or the money you owe on money you borrow.
|
What is “gross pay?”
The amount of money earned before deductions.
|
|
What is the “lottery?”
Many dream that by playing this game, they would become instant millionaires.
|
What is “PIN?” (Personal Identification Number)
This is needed for transactions that identifies your personal number to get into an account.
|
What is “minimum payment?”
The smallest payment you are allowed to make toward the balance due on your statement.
|
What is a “bounced check?”
A check that is returned to the bank because there isn't enough money in the account to cover it.
|
What is “net pay?”
The “take-home” pay, or what is left after deductions are taken out of your paycheck.
|
Support Us on Ko-fi