Personal Financial Literacy

Front

What is a deposit?

Back

A deposit is when money is put into a bank account.

Front

What services do banks provide?

Back

Banks offer checking and savings accounts to their customers.

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What does spending mean?

Back

Spending is trading money for goods and services.

Tags

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.RL.4.4

CCSS.RL.5.1

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What are expenses?

Back

Expenses are amounts of money spent.

Tags

CCSS.3.OA.D.9

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What is saving?

Back

Saving is putting money aside from current income to buy something in the future.

Front

What is a bank?

Back

A bank is a financial institution that accepts deposits and provides loans.

Tags

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

Front

What is a checking account?

Back

A checking account is a bank account that allows for deposits and withdrawals.

Front

What is a savings account?

Back

A savings account is a bank account that earns interest on the money deposited.

Front

What is interest?

Back

Interest is the money paid by a bank to a saver for keeping their money in the bank.

Tags

CCSS.7.RP.A.3

Front

What does it mean to budget?

Back

Budgeting means planning how to spend and save money.