Personal Financial Literacy

Front

LABOR

Back

The work a person does to earn money.

Front

INCOME

Back

The money a person earns by working or investing.

Front

COST

Back

The amount of money charged or paid for something.

Front

RESOURCES

Back

Things that we need or use. 

Front

SCARCITY

Back

Scarcity means there is only a little bit of something.

Front

AVAILABILITY

Back

Availability means there is a lot of something.

Front

NEEDS

Back

Necessities for you to live a healthy and safe life.

Front

WANTS

Back

Things a person would like to have but not necessary to survive.

Front

Back

• The person or institution that gives something (like money) to someone else.

• Expects to get it back.

• Might charge extra (interest) for lending.

Front

BORROWER

Back

• The person who receives something (like money) from someone else.

• Agrees to return it later.

• Might have to pay extra (interest) for borrowing