Financial Literacy 3rd grade

Front

What is financial literacy?

Back

Financial literacy is the ability to understand and manage your money effectively.

Front

What does it mean to save money?

Back

Saving money means setting aside a portion of your income for future use instead of spending it all.

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

Front

What is income?

Back

Income is the money someone earns from working or other sources.

Tags

CCSS.RI.2.5

CCSS.RI.3.3

CCSS.RI.3.5

CCSS.RI.4.3

CCSS.RI.4.5

Front

What is a budget?

Back

A budget is a plan that helps you manage your money by tracking your income and expenses.

Front

What is a need?

Back

A need is something that is essential for survival, like food, water, and shelter.

Tags

CCSS.RL.1.3

CCSS.RL.2.1

CCSS.RL.4.3

CCSS.RL.5.3

CCSS.RL.6.3

Front

What is a want?

Back

A want is something that you would like to have but is not necessary for survival.

Tags

CCSS.RI.3.2

CCSS.RI.4.2

CCSS.RL.2.2

CCSS.RL.3.1

CCSS.RL.3.2

Front

What does it mean to borrow money?

Back

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

Tags

CCSS.RI.2.4

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RL.3.4

CCSS.RL.4.4

Front

What is a savings plan?

Back

A savings plan is a strategy to save money over time for specific goals.

Tags

CCSS.RI.2.5

CCSS.RI.3.3

CCSS.RI.3.5

CCSS.RI.4.3

CCSS.RI.4.5

Front

What happens to prices when there is a scarcity of a product?

Back

When there is a scarcity of a product, the prices usually increase.

Front

What is the purpose of Market Day?

Back

Market Day is an event where students can sell items they made or bought to practice buying and selling.