Financial Literacy

item a person owns with monetary value.

• asset

• budget

• debt

• expense

fixed expense

• expenses that occur regularly but may change because the consumer has some control over the amount

• expenses that occur regularly and stay the same

• an employee's pay before any deductions are taken.

• money that is paid to a person for goods, services or investments

the difference between the monetary value of a consumers assets and liabilities.

• net worth

• net pay

• budget

• savings

a plan to help you reach your financial goals

• budget

• debt

• expense

• asset

asset

• something you own

• something you owe

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

liability

• something you own

• something you owe

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RL.6.4

CCSS.RL.7.4

CCSS.RL.8.4

money that is paid to a person for goods, services, or investments.

• income

• net worth

• fixed expense

• budget

Can an item be an asset and a liability.?

• Yes

• No

money that is not spent by a consumer currently, but is reserved for later use

• savings

• compound interest

• budget

• expense

the amount that remains after all deductions are taken from the gross pay

• net pay

• liability

• asset

• gross pay