Financial Literacy

Front

What is a budget?

Back

A plan for how money will be used

Front

What is income?

Back

Money taken in

Front

Variable expense

Back

An expense that costs different amounts every month

Front

paying for something with money that is borrowed and must be paid back, usually with interest

Back

credit

Front

What is an emergency fund?

Back

A savings account set aside for unexpected situations.

Front

What is debt?

Back

Money you have borrowed and need to pay back

Front

What is not an example of money? Options: Currency, Debit Cards, Credit, Checks

Back

Credit

Front

Buy something now and pay for it later.

Back

Credit

Front

Which card takes the money out of your account immediately?

Back

Debit

Front

The cost of borrowed money, usually expressed as a percentage.

Back

interest