2nd Grade Math Personal Finance Vocabulary

Front

What is saving?

Back

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

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Front

What is spending?

Back

Spending is using money to buy things or pay for services.

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

Front

What does it mean to borrow?

Back

To borrow means to take something from someone with the promise to return it later.

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Front

What is responsible borrowing?

Back

Responsible borrowing means taking care of the borrowed item and returning it in good condition.

Tags

CCSS.L.4.6

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.W.4.2D

Front

What is irresponsible borrowing?

Back

Irresponsible borrowing means not taking care of the borrowed item or not returning it properly.

Tags

CCSS.L.4.6

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.W.4.2D

Front

What happens when you spend your money?

Back

When you spend your money, you have less money left.

Tags

CCSS.1.OA.A.1

Front

What does it mean to deposit money?

Back

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

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

Front

What is a loan?

Back

A loan is money that is borrowed and must be paid back.

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Front

What does it mean to lend money?

Back

To lend money means to give someone money with the expectation that they will return it.

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Front

What is a budget?

Back

A budget is a plan for how to spend and save money.

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C