Personal Finance

Flashcard
•
Mathematics
•
3rd Grade
•
Hard
+5
Standards-aligned
Wayground Content
FREE Resource
Student preview

15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is personal finance?
Back
Personal finance is the management of money and financial decisions for an individual or family, including budgeting, saving, investing, and planning for future expenses.
2.
FLASHCARD QUESTION
Front
What is a budget?
Back
A budget is a plan that outlines expected income and expenses over a specific period, helping individuals manage their money effectively.
3.
FLASHCARD QUESTION
Front
What does it mean to save money?
Back
Saving money means setting aside a portion of income for future use, rather than spending it all immediately.
Tags
CCSS.RI.2.3
CCSS.RI.2.5
CCSS.RI.3.3
CCSS.RI.3.5
CCSS.RI.4.5
4.
FLASHCARD QUESTION
Front
What is a credit card?
Back
A credit card is a plastic card that allows individuals to borrow money from a bank to make purchases, with the agreement to pay it back later.
5.
FLASHCARD QUESTION
Front
What is an expense?
Back
An expense is any cost or payment that an individual must pay, such as bills, groceries, or rent.
Tags
CCSS.RI.1.5
CCSS.RI.2.5
CCSS.RI.3.5
CCSS.RI.4.5
CCSS.RI.5.5
6.
FLASHCARD QUESTION
Front
What is a benefit in personal finance?
Back
A benefit is a positive outcome or advantage gained from a financial decision, such as saving money or earning interest.
7.
FLASHCARD QUESTION
Front
What is a cost in personal finance?
Back
A cost is a negative outcome or disadvantage associated with a financial decision, such as spending money or incurring debt.
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