Budgeting Vocab

3. Allows you to create a spending plan so you can spend your money on your needs and wants
10. These are Secondary Expense Examples
11. These expenses are high-priority necessities that are generally paid first.
12. paper forms that people use to transfer money from one place to another. It is a written order that instructs a bank to pay a specific amount of money from a specific checking account to a specific person or entity, for example, a store
13. percentage added to your total (good for Savings Accounts but bad in credit cards)
16. How much you make each month BEFORE taxes
18. Balancing your spending and your income
19. adding an amount to your account
20. These Expenses are goods and services that you want but could live without
21. A bank account that earns interest. Money can be deposited and withdrawn from this account

1. Loan to help pay for your house
2. The card owner deposits money into a bank account. The card can be used to withdraw this money or to purchase goods and services.Buy Now, Pay Now
4. How much you make each year BEFORE taxes
5. Primary Expense Examples
6. A federal insurance program that provides benefits to retired people, the disabled, and spouses of deceased workers.
7. A portion of one’s personal income paid to the government
8. How much you make each MONTH after taxes
9. the amount deducted from your bank account
14. Each time the card owner purchases goods or services with the card, he or she is borrowing money from the credit card company. Buy Now, Pay Later
15. account held at a financial institution that allows for withdrawals and deposits.
17. The federal health insurance program for people who are 65 or older or certain younger people with disabilities.