Financial Literacy Wrap-up

Front

What is a withdrawal?

Back

A withdrawal is when you take money out of your bank account.

Front

What should you do with the money you earned?

Back

You should save it for something you really want or need.

Front

If you made $5 every week for 5 weeks, how much money did you earn?

Back

You earned $25.

Front

What does it mean to borrow something?

Back

To borrow means to use something that belongs to someone else and return it later.

Front

What is a consumer?

Back

A consumer is someone who buys goods or services.

Front

What is saving money?

Back

Saving money means keeping some of your money instead of spending it all.

Front

What is spending money?

Back

Spending money means using your money to buy things.

Front

What is a budget?

Back

A budget is a plan for how to spend and save your money.

Front

What does it mean to earn money?

Back

To earn money means to receive money in exchange for work or services.

Front

What is a need?

Back

A need is something that is necessary for survival, like food and shelter.