Financial Literacy

Financial Literacy

The Intro to Playing Banzai

Poll

Have you ever been inside a bank?

• Yes

• No

Competition

when companies work hard to earn your money

Open Ended

Use the word competition in a sentence. Make sure you are using the correct version of the word competition.

Sales Tax

money the government charges you for buying things

Vendor

someone who sells things

Open Ended

What is an example of a vendor in Binghamton?

Business

a person's regular occupation, profession, or trade

Open Ended

If you were to own your own business what would it be?

Savings

a safe place to store money at a bank

Open Ended

Use the word savings in a sentence.

Loan

money you borrow from a bank with a written promise to pay it back later; an IOU

Poll

Have you ever owed someone something? (Does not have to be money)

• Yes

• No

• Not Sure

Debt

money you owe someone

Income

money you earn from work

Poll

Have you ever earned money for something before?

• Yes

• No

• Yes, it was a Gift

Withdrawal

when you take money out of an account

Expense

money you spend on things

Open Ended

What do you think is an example of an expense?

Budget

a plan that helps you buy what you need when you need it

Open Ended

What would be something you would want to 'budget' for? My example: I would budget for a new set of frying pans.

Deposit

when you put money into the bank

Interest

money paid to you for keeping it in a savings account