SS7E10 Personal Finance and Financial Literacy

Front

Imagine Grace, Emma, and David are stranded on a deserted island. Which item is absolutely necessary for their survival? Food, A boat, Movie ticket, An xbox

Back

Food

Front

Imagine Benjamin just got his first credit card! How does it work?

Back

It's like a loan! Benjamin borrows money and pays it all back in one big party at the end of each month.

Front

Imagine Sophia has just opened her first savings account. What might the bank do with the money Sophia deposits?

Back

Use it to grant loans to other customers like Ava and Charlotte

Front

Over time, what does the money in Abigail, Samuel, and Isla's savings account grow thanks to?

Back

Interest

Front

Imagine William, Evelyn, and Aria are on a shopping spree. They want to buy a bunch of cool stuff but can only use a debit card. This card is paid by or linked to their...

Back

Checking account

Front

Imagine Luna took a loan from the bank to buy a magical skateboard. When the bank charges interest on the loan Luna borrowed, she must...

Back

Pay more money than she borrowed from the bank

Front

Imagine Maya, Emma, and Nora are comparing their credit scores to see who has the best one for a fun challenge! Which option represents the BEST credit score they could aim for? Options: 100, A number below 200, A number over 700, 0

Back

A number over 700

Front

When can the stock market swing up or down, making or losing money?

Back

Daily

Front

What is the primary purpose of having an emergency fund in scenarios like a car breakdown during a road trip?

Back

To cover unexpected expenses like car repairs.

Front

Imagine Priya, Nora, and Benjamin are planning a grand party! They need to figure out how much money they can spend on decorations, snacks, and music. What are they creating?

Back

A plan for making and spending money