Financial Literacy Vocab_CB

A spending plan or a record of projected and actual income and expenses over a period.

• Credit card
• Expense tracker
• Savings account
• Budget

A position of employment with specific duties and compensation.

• Job

• Task

• Profession

• Career

A report that identifies a person’s financial goals, needs, and expected future earning, saving, investing, insurance, and debt management activities; it typically includes a stateme

• Financial plan
• Credit score
• Retirement plan
• Budget

Money earned from investments and employment.

• Expenses
• Savings
• Salary
• Income

The cost of goods and services, including those that are fixed (such as rent and auto loan payments) and those that are variable (such as food, clothing, and entertainment)

• Charge

• Price

• Amount

• Expenses.

Gross wage or salary, plus bonuses, minus deductions such as for taxes, health care premiums,

and retirement savings.

• Gross pay
• Take-home pay
• Pre-tax income
• Net pay

Something owed, usually measured in dollars.

• Credit
• Loan
• Payment
• Debt

The process of setting income aside for future spending. Saving provides ready cash for emergencies and short-term goals, and funds for investing.

• Investing
• Spending
• Saving
• Borrowing

A plastic card that is issued by your bank that makes payments by deducting money directly from your checking account.

• Credit card
• ATM card
• Gift card
• Debit card

A written, dated, and signed instrument (usually a piece of paper) that directs a bank to pay a specific sum of money to the holder.

• Promissory note
• Banknote
• Check
• Currency