Personal Finance

money earned

• salary
• income
• purchase
• spend

Tags

CCSS.7.EE.B.3

to give money to someone else in exchange for something

• interest
• lend
• spend
• borrow

Tags

CCSS.L.4.6

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.W.4.2D

another person gives you money that you will then need to pay back

• borrow
• purchase
• scarce
• labor

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

paying for something with money that is borrowed and must be paid back, usually with interest

• credit
• income
• resources
• salary

Tags

CCSS.RI.1.5

CCSS.RI.2.5

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

to give your money to a charity or worthy cause

• loan
• donate
• tax
• spending goal

Tags

CCSS.L.4.6

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.W.4.2D

A budget helps people make responsible economic decisions.

• True

• False

Tags

CCSS.RI.3.2

CCSS.RL.3.1

CCSS.RL.3.2

CCSS.RI.4.2

CCSS.RL.2.1

Which of the following is an example of income?

• Charging a lunch you will pay tomorrow

• Buying an ice cream at lunch today

• Money you get for working a job

• Trading supplies with a friend

What does it mean when you save money?

• You buy a new outfit today at the mall.

• You put money away for later.

• You lose your money on the playground.

• You give away money to help animals.

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.2.3E

CCSS.RF.2.3D

What is something that would be a need?

• a new video game

• a place to live

• a birthday party

• a new television

What is a want?

• something you have to have in order to live

• something you can live without but hope you can get

• water for survival

• food for survival

Tags

CCSS.RI.3.2

CCSS.RL.3.1

CCSS.RL.3.2

CCSS.RI.2.1

CCSS.RL.4.1