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| used for saving money for big expenses. intrested is paid on this account |
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| The cost of borrowing money or the amount earned for saving money |
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to have less money going out than you have going in
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| owing money when you cant pay for everything you need |
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| the amount of money currently in an account |
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| a storage place for money |
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| like a "big wallet" used to pay everyday expennces both checks and debit cards are linked to this account |
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| "need" an expence for an item that is nessecessary. it can be either fixed or varible |
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| a card with a set limit which lets you "borrow" money from the bank to purchase an item you have to pay the bank back with in 30 days |
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| when the goverment takes your possetions to pay the people you owe |
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| putting money in your account |
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| slips of paper with your account info on them |
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| a card that when used takes money immediately out of your account you are paying for the item now |
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| places where you deposit your money to keep it safe and earn intrest. 2 types are banks and credit unions |
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| taking money out of your account |
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| a plan for managing your money it compares how much money you spend |
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federal goverment guarantee that your money ( up to 250,000) is safe in a bank. should it get robbed destroyed or go out of busniess
(FDIC) |
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| "want" an expence for an item that is not nessesseray |
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| when banks lend money to other people |
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| writing a check or spending more money than you have |
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| All the money you earn over a certain period of time |
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| anything you spend money on. There are two typed of expense: essential and non essential |
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| Interest on saving account |
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| A percentage of cash that the bank gives you for keeping your money there |
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