
Financial Literacy Terms

Flashcard
•
Business
•
9th - 12th Grade
•
Hard
Patrick Reed
FREE Resource
Student preview

10 questions
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1.
FLASHCARD QUESTION
Front
Want
Back
Something you have a desire to possess or do.
2.
FLASHCARD QUESTION
Front
Need
Back
Something that you can’t live without.
3.
FLASHCARD QUESTION
Front
Budget
Back
An estimate of income (revenue) and expenses for a set period of time, such as one month.
4.
FLASHCARD QUESTION
Front
Revenue
Back
Total amount of income.
5.
FLASHCARD QUESTION
Front
Balanced budget
Back
When revenues equal expenditures.
6.
FLASHCARD QUESTION
Front
Spreadsheet
Back
Software to make large amounts of data easier to view, manage, and analyse.
7.
FLASHCARD QUESTION
Front
50/30/20 budget
Back
A budgeting guideline that suggests allocating 50% of your income to needs, 30% to wants, and 20% to savings.
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