Financial Literacy

What is an allowance?

• money you get for selling something
• money you earn for doing chores
• something you are allowed to do
• money you spend to buy something

To put money into an account.

• Deposit
• Withdraw
• Savings for a chicken
• Interest for a cow

Tags

CCSS.4.MD.A.2

Money received for work done is called...

• income

• insurance

• savings

money taken out of your bank account

• withdrawal

• deposit

• transfer

• balance

What is money borrowed that must be repaid, usually with interest?

• Loan
• Check
• Checking account
• Debit card

What is paying for something with money that you borrow and must pay back, usually with interest? 

• Income
• Credit
• Interest 
• Lend 

What is a budget

• A plan to manage income and expenses
•  average monthly income
• average yearly income
• a plan that poor people need to use

What is money earned? 

• Income
• Interest 
• Credit 
• Savings plan 

What helps you save money regularly so you can reach your goals? 

• Human Capital 
• Credit 
• Savings Plan 
• Salary 

Which purchase would require a loan?

• Lunch from Chick-fil-a
• Chips
• A house
• A movie