Financial Literacy Vocab Unit 2

Front

Check

Back

A paper that directs the bank to pay a person.

Front

Credit History

Back

A record of your past and present financial history.

Front

Future

Back

At a later date.

Front

Credit Card

Back

Lets a person buy now and pay later.

Front

Interest

Back

Earned when the bank pays YOU to use YOUR money.

Front

Savings Account

Back

A bank account that earns interest on your deposits.

Front

Loan

Back

Money borrowed that is expected to be paid back with interest.

Front

Budget

Back

A plan for how to spend and save money.

Front

Expense

Back

Money spent on goods and services.

Front

Income

Back

Money received, especially on a regular basis, for work or services.