Financial Literacy

Front

The money taken out of your paycheck.

Back

Deductions

Front

This is the plan you make so that you know where your money is being spent and earned.

Back

budget

Front

House payment, rent, groceries, and car payment are all examples of:
- income
- needs
- deductions
- expenses

Back

expenses

Front

Finance charge

Back

A finance charge is a fee charged for the use of a credit card

Front

If Sammy’s expenses are greater than his income, what must he do to balance his budget? Options: Earn more money, Spend less money on expenses, Earn more money AND spend less, None of the above

Back

Earn more money AND spend less

Front

Investing your money means

Back

putting your money into financial assets with the hope it will earn you more money

Front

The amount of money that you get to take home on payday is called

Back

net pay

Front

Donating money to an organization is called

Back

philanthropy

Front

What is a "grace period"?

Back

A 'grace period' is a set amount of time that you will not have to pay interest to the credit card company

Front

You receive a phone call telling you that you have won a free video game system. In order to collect your prize, you need to give your parent's credit card information. This is called...

Back

Identity Theft