Financial Literacy

money earned or received

• Expenses
• Income
• Deductions
• Check

Tags

CCSS.4.MD.A.2

CCSS.4.OA.A.3

Money paid to the government

• Budget
• Fees
• Taxes
• Food stamps

Tags

CCSS.7.RP.A.3

Tax on something you buy

• Sales Tax
• Property tax
• income tax
• payroll tax

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Debit cards are a convenient way to pay because you don’t have to carry cash or take time to write a check.

• True

• False

Tags

CCSS.6.NS.B.3

CCSS.6.NS.C.5

Debit card purchases are “buy now, pay now” so you must have enough money in your account to cover your purchase.

• True

• False

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

A debit card is basically an electronic check.

• True

• False

What is it called when another person gives you money that you will need to pay back? 

• Interest
• Savings Plan
• Borrow 
• Lend

Money spent is called...

• income
• net gain
• expense
• charity

Expenses that don't happen each month, or the price of the items or services change. They do not stay the same. The cost changes.

• Fixed Expense
• Variable Expense

Expenses that happen each month and are about the same amount.

• Fixed Expenses
• Variable Expenses