Personal Finance #2

A card used to make purchase on credit. “Buy now, pay later.”

• Checking Account

• Savings Account

• Credit Card

What is income?

• the amount of money you spend

• money that you earn

• money that spent on expeneses

What is variable expense?

• The amount of money you spend

• The amount of money you save

• An expense that costs different amounts every month

Tags

CCSS.6.NS.B.3

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

• credit
• income
• resources
• salary

Tags

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

A card that uses money directly from your bank account

• Debit Card 
• Credit Card 
• Baseball Card 

An agreement between a borrower and a lender, where the borrower agrees to repay money with interest over time.

• Loan 
• Savings

• Deposit  

In the United States, our currency or "money" is called ______.

• franc

• pound

• dollar

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

Saving money for college is an example of what reason to save money?

• saving for an emergency

• saving to earn interest

• saving to keep money safe

• saving for a big expense

What is the role of banks in our community?

• Banks offer us fruits and vegetables.

• Banks are a safe place to keep money.

• Banks help us get our packages delivered on time.

• Banks have many books for us to borrow.

Why would someone wait for a sale when purchasing something?

• to earn more interest in the bank

• to get the item for a cheaper price

• to wait for the supply to increase

• to invest the money in somethng else

Tags

CCSS.RI.7.8

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.8.1

CCSS.RL.9-10.1