Financial Literacy Flashcards

Front

Money that you earn or receive, such as from a job, allowance, or gifts.

Back

Income

Front

Money that you spend on goods, services, or bills.

Back

Expenses

Front

Money that you set aside for future use instead of spending immediately.

Back

Savings

Front

Money or goods that you donate to help others or support causes you care about.

Back

Charitable contributions

Front

A resource or device that helps people manage their money more effectively, such as apps, computer programs, spreadsheets, or written budgets.

Back

Financial planning tool

Front

A plan for how you will spend and save your money over a specific period.

Back

Budget

Front

A computer program that organizes data in rows and columns, often used for financial planning.

Back

Spreadsheet

Front

A document that shows the difference between what you own (assets) and what you owe (debts).

Back

Net worth statement

Front

A report that shows how much money you've earned over a specific period.

Back

Income statement

Front

A report that shows how much money you've spent over a specific period.

Back

Expense statement