Financial Literacy

What is an allowance?

• money you get for selling something
• money you earn for doing chores
• something you are allowed to do
• money you spend to buy something

To put money into an account.

• Deposit
• Withdraw
• Savings for a chicken
• Interest for a cow

Tags

CCSS.L.8.5A

Money spent is called...

• income
• net gain
• expense

Money received is called...

• income
• insurance
• savings

money subtracted from an account

• withdrawal
• deposit
• transfer
• balance

money owed

• balance
• overdraft fee
• loan
• debt

What is money borrowed that must be repaid, usually with interest?

• Loan
• Check
• Checking account
• Debit card

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

• Income
• Credit
• Interest 
• Lend 

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