Account Number Is your unique reference number in a bank?

Arrears Not paid bills on time

ATM (Automated Teller Machine) Is a machine which pays out cash.

Balance Is the amount you have in your account at a particular time

Bank A place where people keep their money

Bank Note A piece of paper money

Bank Statement A list of all the amounts paid into and out of a bank account

Bankrupt Person or a company that cannot pay their debts

Bills Need paying

Borrow To get money from someone to use now, with an agreement to pay it back later.

Budget Is a financial plan how you spend your money

Building Society/Bank Is somewhere you can keep your money, savings and give you loans

Calculate Work out

Cash Money

Currency International Money

Current Account Is a bank account which allows you to deposit (put in) and withdraw (take out) money by cash, cheque, standing order or direct debit

Credit Means you have money in your account to spend

Citizens Advice Bureau Is an organization where you can go for advice about money problems

Coins A piece of money in the form of a metal disc

Credit Card Is a plastic card given by a bank or building society which allows you to buy things and pay for them later

Debt An amount of money you owe

Deposit Is when you put money in

Direct Debit Is payments (money) taken out of your account, usually once a month

Debit Card Is a plastic card which is used instead of cash when buying something

Expenditure Amount of money that a person spends

Expenses Costs

Fundraising Raising money for something

Fraud You gain money by tricking someone

Gross Income What you earn before paying tax, insurance and pensions

Income Is the word for the money you earn

Income Tax Part of your wages that is paid to the government to help them run the country

Interest Is a reward you get for keeping money in the bank

Invoice Proof of purchase/charge

Loan An amount of money you borrow

Money Lets us buy things we want

Manage Know how much money you have got, what’s going in and what’s going out

Overdraft Is something a bank will let you have on your account, so you can spend more that you have

Opening Balance How much you have started with at the beginning of the month

Online Banking You can manage your bank account over the internet

Parents People who taught you about money

Personal Finances Managing your own money

Pocket Money Spending money parents give to their children

Poor Does not have much money

Profit The money left over after you pay your bills

Purchase Buy goods

Receipt A piece of paper acknowledging that money or goods have been received.

Risks Danger if you do not plan your budget carefully

Savings Money

Savings Account A bank account where money is kept so that it can grow

Statement Record of your payments and withdrawals from your account

Sort Code Is a number printed on your cheques

Shopping Buy something

Spend To use money to buy things

Taxes Money the government take off you

Transaction Business deal

Utility Bills Gas, Electricity, Water, Phone

Valuable Worth a lot of money

Wages Money you have earned from doing a job

Withdrawal When you take money out of your account

Work To do a job