Financial Literacy Terms

The act of putting money into your account.

An account that holds your money. You can withdraw or spend this money.

Your income after taxes and deductions are taken out.

The act of taking money out of your account.

A financial company that you use to keep your money in an account.

Cancelling a check or a transaction that has already been written or made.

An estimate of how much money you will have and how much you can spend based on your income.

The act of signing the back of a check.

A percentage of money that is earned, or paid to you, over a given period of time.

A paper form that is used to pay others money that you owe them.

The amount of money that is in your account after all deposits and withdrawals.

The act of depositing or withdrawing money from your account.

Your income before taxes and deductions are taken out.

A method that is used to track the money that is in your checking or savings account.

The amount of money that you make in a given period of time.

An account used to save your money for a given period of time.