I I WILL GIVE Term
Definition
Saving Vocabulary
Directions:
Review the following terms and place
them in the box next to the definition
Depository Institution
Savings Account
Interest
Net Income
A popular phrase used to describe what people should do to
stay on track with saving money. Basically meaning that the
firs deposit out of a person's paycheck should be into a savings
account or retirement account.
A deposit at a bank or savings and loan that pays Interest, but
cannot be withdrawn in check writing.
A choice that involves giving up some of one thing to have more
of another.
The amount paid for the use of borrowed money.
The cost of borrowing money, expressed as a percentage,
usually over a period of one year.
Money Market
Deposit Account
Interest Rate
Trade Off
Financial Goal
Pay Yourself First
Payroll Deduction
A saving account in which the interest rate varies as market
rates change
The amount of a paycheck that a person can actually spend;
gross income less any payroll deductions.
A statement of something a person wants or needs to do that
pertains to finances and/or money
A business that offers financial services to people
Amounts subtracted from gross income that is withheld by an
employer for items like toxes and employee benefits.