Financial Literacy Vocabulary

A measure of wealth (the value of assets a person owns minus the liabilities they owe)

Taking money out of an account

Anything worth money (car, house, bank account, restaurant)

Money owed by one person to another

Debt a person or company owes, usually a sum of money. (credit card debt, loans, car payments)

Money recieved (earned through jobs)

Adding money into an account

A plan to manage income and expenses.

An account that holds money you don't plan to spend immediately

The tax added to the price of things you buy.

Money you pay out for things (spending on video games, movies, food)

A money charge for the privilege of borrowing money

An account that allows you easily withdraw and deposit money daily