Wonders Unit 1 Week 1 Vocab 5th Grade

Front

What does it mean to afford something?

Back

To have enough money to buy something.

Front

What does it mean when something is scarce?

Back

It is difficult to get or find.

Front

What are wages?

Back

Payments received for work done.

Front

What is a risk?

Back

The possibility of loss or injury.

Front

What are savings?

Back

Money that is set aside for future use.

Front

What is a loan?

Back

Money borrowed that must be paid back with interest.

Front

What does it mean to prosper?

Back

To be successful or thrive, especially in financial terms.

Front

What is profit?

Back

The money earned after all expenses are paid.

Front

How can you save money?

Back

By setting aside a portion of your income or allowance.

Front

What is the importance of budgeting?

Back

It helps you plan how to spend and save your money.