Understanding Financial Literacy

An amount available or owed on an account.

• Accounts

• Balance

• Budget

• Cash

Tags

CCSS.6.NS.C.5

Deciding how to spend your money before you actually spend it.

• Account

• Balance

• Budget

• Cash

The physical form of money, such as coins or paper money.

• Balance

• Budget

• Cash

• Copay

Obtaining something you want with the understanding you'll pay for it later.

• Credit

• Debit

An amount removed from your bank account to pay for something.

• Credit

• Debit

Tags

CCSS.7.NS.A.1A

Anything that you spend money on.

• income

• expense

• deposit

• withdrawal

Tags

CCSS.3.OA.D.9

Necessities like electricity, gas, and water, which are paid monthly as part of your household expenses.

• utilities

• options

• electables

• utilitable expenses

Tags

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.6.4

CCSS.RI.5.10

CCSS.RI.9-10.4

Ms. Guillory sold some of her son's old toys and earned $56. She went to the bank and added the money to her account. She made a _________________ to her account.

• deposit

• withdrawal

• debit

• deduction

Tags

CCSS.1.OA.A.1

Going to work at a job is a way to....

• get fired

• earn money

• make new friends

• buy a motorcycle

What would happen if Monica has to sell her shirts for less that it cost her to make them?

• She would make no profit

• She would make great profit

• Nothing will happen

• She would have to take out a loan