Financial Literacy

Items that are owned by an individual

• assets
• liabilities
• property
• expenses

A plan for spending

• income
• expenses
• sales tax
• budget

Tags

CCSS.7.EE.B.4A

Debts that are owed by an individual

• liabilities
• fixed expenses
• net worth
• assets

Tags

CCSS.6.NS.C.7C

The value of one's assets minus one's liabilities

• fixed income
• coupon
• net worth
• gross income

Tags

CCSS.6.NS.C.5

The amount paid or earned for the use of money.  
The formula is I = prt

• Simple interest
• Compound Interest
• Coupon
• Monetary Incentives

Tags

CCSS.7.RP.A.3

Which is an example of a variable expense?

• car payment
• mortgage
• electricity bill

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

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

A bank account that allows quick access to money for everyday expenses.

• Checking Account

• Savings Account

• Debit Card

• Credit Card

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

• Credit

• Debit