Financial Literacy Vocabulary

a plan to regularly put aside money for a specific purpose

• expense
• savings plan
• human capital
• supply

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

a bank account that allows for a customer to deposit and withdraw money and earn interest from the bank

• savings account
• needs
• wants
• scarcity

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

a set payment that a person receives in exchange for work performed

• expense
• profit
• salary
• supply

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Money received as a result of working is ______________.

• Expense

• Allowance

• Savings

• Income

Tags

CCSS.L.6.6

CCSS.L.8.6

CCSS.W.6.2D

CCSS.W.7.2D

CCSS.W.8.2D

Money spent for something is an _________________.

• Expense

• Allowance

• Income

• Lending

Tags

CCSS.L.6.6

CCSS.L.7.6

CCSS.L.8.6

CCSS.W.6.2D

CCSS.W.8.2D

The actions of depositing and withdrawing money.

• Microtransactions
• Saving Money
• Transactions
• Shoe Laces

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Plan used to decide the amount of money to spend, and how it will be spent.

• Bad Check
• Budget
• Check
• Check Register

Money taken out of your checking account.

• withdrawal
• stop payment
• endorsement
• outstanding

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

A term used to reference electric, water, gas, and other services.

• Utilities
• Renters Insurance
• Savings Account
• Transfer

Tags

CCSS.L.6.6

CCSS.L.7.6

CCSS.L.8.6

CCSS.W.7.2D

CCSS.W.8.2D

Allows you to make purchases and pay for them at a later date.

• Interest

• Debit Card

• Convenience Fee

• Credit Card