Financial Literacy

Front

What is financial literacy?

Back

Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

What is an income tax bracket?

Back

An income tax bracket is a range of income that is taxed at a specific rate. As income increases, it may fall into higher tax brackets.

Tags

CCSS.7.RP.A.3

Front

What are the three rules for staying out of poverty?

Back

1. Graduating from high school. 2. Waiting to get married until after 21 and do not have children till after being married. 3. Having a full-time job.

Front

What does it mean to buy a stock?

Back

Buying a stock means purchasing a small piece of ownership in a company.

Front

Why is it beneficial to invest money for a longer period?

Back

The longer money is invested, the more it can grow due to compound interest.

Front

Are most millionaires college graduates?

Back

True, most millionaires are college graduates.

Tags

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

Front

What is compound interest?

Back

Compound interest is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Tags

CCSS.7.RP.A.3

Front

What is a budget?

Back

A budget is a financial plan that outlines expected income and expenses over a specific period.

Front

What is the purpose of saving money?

Back

The purpose of saving money is to set aside funds for future needs or emergencies.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Front

What is a credit score?

Back

A credit score is a numerical representation of a person's creditworthiness, based on their credit history.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4