4th grade Financial Literacy Vocab

Front

Payment for goods and services

Back

expense

Front

A bank or credit union

Back

Financial Institution

Front

Expenses that occur regularly and do not vary month to month.

Back

Fixed expense

Front

Money earned

Back

Income

Front

Money made in a business after all costs are paid.

Back

Profit

Front

Expenses that occur regularly but vary month to month and can be controlled by an individual.

Back

Variable expense

Front

Income - Expenses = ?

Back

profit

Front

Graham Savings and Loan, Cierra Bank, Interbank, First National Bank, Wells Fargo are examples of?

Back

financial institution

Front

Examples: Rent, Loans, Car Payment

Back

Fixed Expenses

Front

Examples: groceries, electric bill, water bill. What are they?

Back

Variable expenses.