Understanding Financial Literacy

An amount available or owed on an account.

• Accounts

• Balance

• Budget

• Cash

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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

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Anything that you spend money on.

• income

• expense

• deposit

• withdrawal

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

• utilities

• options

• electables

• utilitable expenses

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CCSS.RI.7.4

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

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

• get fired

• earn money

• make new friends

• buy a motorcycle

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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

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