Understanding Personal Finance Basics
Flashcard
•
Social Studies
•
7th Grade
•
Easy
Standards-aligned
Nancy Kuse
Used 3+ times
FREE Resource
Student preview
10 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Budget
Back
Plan for spending and saving money
Tags
DOK Level 1: Recall
2.
FLASHCARD QUESTION
Front
Importance of a budget for a trip
Back
Manage money and reach travel goals
Tags
DOK Level 2: Skill/Concept
3.
FLASHCARD QUESTION
Front
Income
Back
Money earned from work or other sources
Tags
DOK Level 1: Recall
4.
FLASHCARD QUESTION
Front
Monthly budget expense
Back
Rent payment
Tags
DOK Level 1: Recall
5.
FLASHCARD QUESTION
Front
Short-term financial goals
Back
Achievable within 3 months to a year
Tags
DOK Level 1: Recall
6.
FLASHCARD QUESTION
Front
Long-term goals vs Short-term goals
Back
Long-term goals require more planning and time
Tags
DOK Level 2: Skill/Concept
7.
FLASHCARD QUESTION
Front
Pay Yourself First
Back
Save a portion of income before other expenses
Tags
DOK Level 2: Skill/Concept
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