Budgeting Vocab

2. adding an amount to your account
5. A bank account that earns interest. Money can be deposited and withdrawn from this account
7. The federal health insurance program for people who are 65 or older or certain younger people with disabilities.
9. A federal insurance program that provides benefits to retired people, the disabled, and spouses of deceased workers.
10. A portion of one’s personal income paid to the government
13. How much you make each MONTH after taxes
15. percentage added to your total (good for Savings Accounts but bad in credit cards)
16. These Expenses are goods and services that you want but could live without
18. These are Primary Expense Examples
19. These are Secondary Expense Examples

1. Allows you to create a spending plan so you can spend your money on your needs and want
3. 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 month BEFORE taxes
6. the amount deducted from your bank account
8. Balancing your spending and your income
11. account held at a financial institution that allows for withdrawals and deposits.
12. These expenses are high-priority necessities that are generally paid first.
14. How much you make each year BEFORE taxes
17. 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