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An account that generates interest income on the available balance in the account, A savings account that is set aside to be used only for emergency expenses, Interest paid on interest previously earned, Saving money over time for a large purchase, A rate which is either charged (on debt) or paid (on investment account) for the use of money, The persistent increase in the cost of goods and services or the persistent decline in the purchasing power of money, The act of matching your bank statement with your checkbook, A cash flow plan that assigns an expense to every dollar of your income, wherein the total income minus the total expenses equals zero, An item that is bought without previous planning or consideration of the long-term effects, Occurs when money is withdrawn from a bank account and the available balance goes below zero, Series of envelopes that are divided into categories (food, entertainment, gas, etc.) Gravity. 33 terms. 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