Financial Literacy Vocabulary

This is an example of a want:

a loan to buy real estate

money earned by working or investing

a bank deposit against which checks can be drawn by the depositor

a valuable possession such as property, business equipment, real estate or stocks

something that is essential to life or the success of your life

a plan for maintaining cash flow; a record of income and expenses

an amount of money owed

payment for work

something you have a desire to have

This is an example of a need:

What should a balance in your checking account NEVER be?

an account that allows deposits and withdrawals and usually pays interest

an agreement by which a student borrows money from a bank to pay back after graduation

a card that accesses open-ended credit; that charges interest