ATM Card
Automated Teller Machine card which allows you to make transactions in Automated Teller Machines.
Budget
A cash flow plan. Every dollar you make is assigned to a specific category / expense at the beginning of each month or pay period.
Carbon Checks
Checks that have a second copy behind them made of special paper which makes a copy of each check as you write them.
Debit Card
A type of card (often backed up by a major credit card company) that is issued by a bank and used to make purchases. Unlike a credit card, the money comes directly out of the user's checking account. (Also called a "Check Card".)
Discipline
Self-control used in directing behavior. The key to wealth building is being consistent (self-disciplined) over time.
Envelope System
A series of envelopes, divided into pre-determined categories, used to store cash for planned monthly expenses. This is a self-imposed discipline tool to help people manage their monthly finances. Possible categories include food, entertainment, gas, etc.
Pro-active
Controlling a situation by causing something to happen rather than waiting to respond to it after it happens. This takes a strong initiative.
Reconcile
To match your bank statement with your checkbook, preferably within 72 hours of receiving the statement.