Banzai! Life Scenarios Vocabulary

Automated Teller Machine

A sum of money to be used for a particular purpose.

Like a credit card, but it takes money directly from your bank account.

A card that lets you buy goods and services based on a promise to pay later and charges monthly interest if the balance is not paid in full.

A bank account from where the depositor can write checks.

A bank account where money is stored and returns a very low interest rate.

A check that is dishonored because of insufficient funds.

Occurs when withdrawals have gone over the available amount.

A check that has been honored and processed.

A record book used to keep track of all transactions when they occur.

A document published by your bank (sent to you or available online) that details all transactions for the month.

A fee for over spending.

To check (a financial account) against another for accuracy.

To place for safekeeping or in trust, especially in a bank account.

Taking money out of an account.

Amount charged to be able to use a debit or credit card.

The paycheck amount received after taxes and deductions have been withheld - "take home pay."

The total amount earned before taxes or other deductions are subtracted from your salary - "pre-tax."

A government program designed to provide income to working Americans and their families after retirement, disability, or death.

Used to specifically provide medical services to Americans after they retire.

This form determines the amount of taxes your employer will withhold from your paycheck. If you withhold too little, you'll owe taxes at the end of the year

A "rainy day" fund helps prepare you for unexpected life events, such as the loss of a job, a health problem, or a car repair.