Financial Literacy

the amount of money you are given from working/selling something

• Earnings (income)

• Expenses

• Profit

the money that is made after paying for the expenses (what you get to keep)

• Earnings (income)

• Expenses

• Profit

things that you need to pay for/buy

• Earnings (income)

• Expenses

• Profit

a safe place to keep your money at a bank

• savings account

• loan

• interest

• allocate

• financial institution

money that you borrow from the bank

• savings account

• loan

• interest

• allocate

• financial institution

money that you can earn when you lend money or money that you have to pay when you borrow money

• savings account

• loan

• interest

• allocate

• financial institution

to divide up into groups

• savings account

• loan

• interest

• allocate

• financial institution

another name for a bank

• savings account

• loan

• interest

• allocate

• financial institution

things that you need to pay for/buy that stay the same every time

• fixed expense

• variable expense

• budget

things that you need to pay for/buy that change each time

• fixed expense

• variable expense

• budget