Personal Finance Vocabulary

money paid to the government in exchange for services like roads, bridges and police/fire protection

payment for goods or service

The amount available in an account for a person, business or organization to spend.

A specific time or instance when money changes hands.

a bank card issued by a financial institution that is electronically linked to a checking account for making purchases

Money paid by an employee to the federal government based on the individual's income

A small table to track deposits added to account, expenses withdrawn from account, and current available balance.

The amount of money collected from the property owner based on the value of a property as required by law

to reconcile your budget to ensure the amount of income and expenditures are equal.

The income that remains after taxes and other deductions are taken from an individual's income

Money earned or received

the education and understanding of knowing how money is made, spent and saved and the use of resources to make decisions

I am going to ROCK this quiz on Tuesday!

the amount of money collected by a store (retailer), in addition to a good or service that was purchased

a card that can be used to borrow money from financial institutions, stores or other business to buy products or service

payments using security features on the internet

A monthly or yearly spending and savings plan for an individual, family, business or organization

money collected by an employer from the employee's salary that is paid to the government as required by law

The total amount of income prior to taxes and deductions

a written document telling the financial institution to pay money from your account to a person or business

a formal record of the transactions made by a person, business, or other organization