For elementary learners: budgeting, borrowing, and everyday financial tasks explained simply.
35 cards
budget
a plan that shows how much money you have and how you will spend it
credit
money that a bank or shop lets you use now and pay back later
debt
money that you owe to someone else
earn
to receive money in return for work you do
income
all the money you receive regularly from work or other sources
invest
to put money into something with the hope of making more money
loan
money that you borrow and must pay back, usually with extra charges
profit
the money left over after you have paid all your costs
salary
a fixed amount of money paid to an employee every month or year
tax
money you must pay to the government from your income or purchases
account
an arrangement with a bank where you keep your money
borrow
to take money from someone or a bank and agree to give it back
afford
to have enough money to be able to pay for something
discount
a reduction in the usual price of something
receipt
a printed record proving you have paid for something
expense
money that you have to spend for a particular purpose
charge
to ask someone to pay a particular amount of money
transfer
to move money from one bank account to another
fee
a payment you make for a professional service
owe
to have to pay back money you have borrowed from someone
refund
money paid back to you when you return a product or cancel a service
withdraw
to take money out of a bank account
deposit
to put money into a bank account
lend
to give someone money that they must pay back later
raise
an increase in the amount of money someone earns
worth
having a value equal to a particular amount of money
value
how much something is worth in money
rate
a fixed amount, such as how much interest you pay on a loan
balance
the amount of money currently in a bank account
insurance
a service you pay for regularly so a company will cover your costs if something goes wrong
rent
a regular payment made to use a property or item that belongs to someone else
wage
money paid to a worker, usually calculated by the hour or day
coin
a small round piece of metal used as money
currency
the type of money used in a particular country
save up
to keep money over a period of time to pay for something later