Financial Literacy

Front

What is a withdrawal?

Back

A withdrawal is when you take money out of your bank account.

Front

What does it mean to deposit money?

Back

To deposit money means to put money into your bank account.

Front

If you have $100 and take out $30, how much do you have left?

Back

You have $70 left.

Front

What is saving?

Back

Saving is keeping money for future use instead of spending it right away.

Front

What is an allowance?

Back

An allowance is money given regularly, often by parents, to children.

Front

What does it mean to spend money?

Back

Spending money means using your money to buy things.

Front

If you want to buy a toy that costs $15 and you have $10, what do you need to do?

Back

You need to save more money to buy the toy.

Front

What is a piggy bank?

Back

A piggy bank is a container used to save money.

Front

What is the difference between saving and spending?

Back

Saving is keeping money for later, while spending is using money to buy things now.

Front

What happens when you run out of money?

Back

You cannot buy anything until you earn or save more money.