2nd Grade Math Personal Finance Vocabulary

Front

What is a consumer?

Back

Someone that uses or buys something.

Front

What happens when you spend your money?

Back

You will have less money.

Front

What does it mean to be responsible?

Back

When you are given something to use for a certain amount of time and you return it when you are done.

Front

What does it mean to borrow?

Back

When you take money or an item that needs to be returned when you are done.

Front

What does it mean to lend?

Back

When you give someone money or an item that will be returned.

Front

What is a producer?

Back

Someone who makes or creates something.

Front

What does it mean to save money?

Back

To keep money for future use instead of spending it.

Front

What is spending?

Back

Using money to buy goods or services.

Front

What is a loan?

Back

Money that is borrowed and must be paid back.

Front

What does it mean to return something?

Back

To give back an item that was borrowed.