Financial Literacy

What is paying for something with money that you borrow and must pay back, usually with interest? 

• Income
• Credit
• Interest 
• Lend 

Interest is: 

• A charge for lending money to a bank
• The amount owed for borrowing money
• the amount added into your savings when opening a bank account
• a charge for the convenience of accessing money stored in your bank account

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

What is a budget

• A plan to manage income and expenses
•  average monthly income
• average yearly income
• a plan that poor people need to use

When you owe money it is called: 

• Expenses
• Debt
• Assets
• Liabilities

What is a thing that is produced and used? 

• Resource
• Purchase
• Labor
• Salary

What is it called when you give someone money in exchange for something? 

• Savings plan
• Salary 
• Spend
• Purchase

What is money earned? 

• Income
• Interest 
• Credit 
• Savings plan 

What helps you save money regularly so you can reach your goals? 

• Human Capital 
• Credit 
• Savings Plan 
• Salary 

Money spent is called...

• income
• net gain
• expense

Tags

CCSS.6.NS.B.3

Money received is called...

• income
• insurance
• savings