Financial Literacy

Putting money into the bank to save is called a ___

• withdrawal

• credit

• deposit

• loan

Taking money out of the bank is called ____

• borrowing

• withdrawal

• personal loan

• credit card

Money you get from your parents to spend is called an ___

• allowance

• budget

• interest

• loan

A plan to save and spend money is called a ___

• withdrawal

• budget

• credit card

• deposit

Tracy puts $50 into her account every month. Is Tracy making a DEPOSIT or a WITHDRAWAL?

Marcus wanted to buy a new video game for his birthday. What does Marcus need to do in order to have money to buy the game?

DEPOSIT or WITHDRAWAL

Katie wants a puppy that is $300. She has $215 in the bank. Should she save or spend her money?

• spend

• save

Greg wants to buy a new bike that costs $125. He only has $75. Does Greg need to save or spend his money?

• save

• spend

Gary earns $5 for cleaning his room and $2 for feeding the dog. If he wants to buy a game that costs $10, how much more money does he need to save?

• $2

• $3

• $0 - He has enough money

What is one way you could earn money?

• shopping at the mall

• doing chores

• buying ice cream at the ice cream truck