Personal Financial Literacy

What is an expense?

• Something you want
• Something you make
• Something that you pay for
• Something that you win

Tags

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

What is income?

• Something that you buy
• Something that you earn
• Something that you eat
• Something that you build

Reasons for making a budget include:

• To keep track of your income and expenses.
• To achieve your long term goals. 
• To have a spending plan.
• All of the above choices are correct. 

Tags

CCSS.HSA.CED.A.3

CCSS.HSA.SSE.A.1

When you use a debit card, you give your bank permission to immediately remove money from your bank account

• True
• False

A Debit Card is linked directly to a bank account, and money is immediately subtracted when you use it. 

• True
• False 

A Debit Card and A Credit card are the same thing. 

• True
• False

What is this an image of?

• Check
• Debit Card
• I don't know
• Just a piece of paper

What type of tax do you pay for Cheetos and soda?

• income tax
• sales tax
• property tax
• payroll tax

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Expenses that change from month to month are called:

• fixed expenses (bills, loans, etc)
• variable expenses (emergency costs, vacations, car repairs, etc)
• stable pricing
• irrational pricing

Tags

CCSS.3.OA.D.9

Money you receive before taxes is called:

• gross income
• net income
• pay day
• bank loan