Money & Financial Literacy Review

Front

What is saving money?

Back

Saving money means keeping some of your money instead of spending it, so you can use it later for something special.

Front

What does it mean to borrow money?

Back

Borrowing money means taking money from someone with the promise to pay it back later.

Front

What is responsible borrowing?

Back

Responsible borrowing means paying back the exact amount of money you borrowed.

Front

How much money does Liam earn each week?

Back

Liam earns $1.00 each week.

Front

If Liam saves all his money for a year, how much will he have?

Back

Liam will have $52.00 at the end of the year.

Front

What is lending money?

Back

Lending money means giving someone money with the expectation that they will pay it back.

Front

If Myla earns $8 per week, how much will she have after 3 weeks?

Back

Myla will have $24.00 after 3 weeks.

Front

What is a 'buck' in the context of class banks?

Back

A 'buck' is a pretend money used in class banks for students to learn about saving and spending.

Front

How do you find out how many more bucks one person has than another?

Back

You subtract the smaller amount from the larger amount.

Front

If Mrs. Lee has 72 bucks and Mrs. Landry has 48 bucks, how many more bucks does Mrs. Lee have?

Back

Mrs. Lee has 24 more bucks than Mrs. Landry.