Financial Literacy

People create and keep a personal budget to help them _____.

• set and reach financial goals

• apply for loan

• buy anything they want

• earn promotions at work

Tags

CCSS.RI.7.2

CCSS.RL.6.1

CCSS.RL.7.1

CCSS.RL.7.2

CCSS.RL.8.1

Which of the following are considered variable expenses? (Choose 3)

• Magazine subscription

• Dining out/entertainment

• Insurance coverage

• Clothing

• Recreation and vacation

Which of the following are considered fixed expenses? (Choose 3)

• Cable subscription

• Clothing

• Insurance coverage

• Rent

• Medical fees

The following could be considered long-term financial goals, except:

• College tuition fee

• Retirement

• Dinner date for two

Money that you earn.

• Asset

• Expense

• Income

Tags

CCSS.3.OA.D.9

What is an expense?

• Money that you spend or give away.

• Money that you earn.

• Money that you put away for later.

Tags

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.3

CCSS.RI.8.5

Money that you put away or in a bank for the future.

• Expense

• Savings

• Income

Tags

CCSS.3.NF.A.3A

CCSS.3.NF.A.3B

CCSS.4.NF.A.1

A plan for spending and saving is called _____

• Budget

• Savings

• Income

An expense that does not change from month to month.

• Variable expense

• Fixed expense

• Unexpected expense

Tags

CCSS.3.OA.D.9

What is a variable expense?

• An expense that changes every month.

• An expense that is the same month to month.