Financial Literacy Vocabulary - 5th Grade

a fee paid to the government in return for goods and services

The amount of income left after taxes are taken out of the gross income.

To put money into an account. 

A financial institution where a person keeps their money

To take money out of an account. 

A plastic card in which the user can pay for an item and gets a bill in the mail. 

A plastic card in which the user can pay for an item with money from his or her bank account. 

A written order for payment that comes from one's bank account.

The total income a person makes, usually per year or monthly.