Understanding Financial Literacy for Kids

Front

What is a budget?

Back

A plan for managing money.

Front

What can you use a debit card for?

Back

Paying with money you already have.

Front

What is something you absolutely need to live?

Back

Food.

Front

Why is it important to save money?

Back

To have money for the future.

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Front

Why should you make a budget?

Back

To live within your means.

Front

What is money?

Back

A tool we use to buy things.

Front

What is saving?

Back

Putting money aside for later use.

Front

What is spending?

Back

Using money to buy things.

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Front

What is a need?

Back

Something you must have to live, like food or water.

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What is a want?

Back

Something you would like to have but don't need, like toys.

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