Personal Finance 6th -Credit & checking

What is income?

• The amount you spend

• The amount you don't save

• Money taken in

Tags

CCSS.5.NBT.A.3B

What is this called?

• A Check

• A credit card

• A debit card

• Money Order

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

• credit
• income
• resources
• salary

Tags

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.5.5

CCSS.RI.8.5

CCSS.RI.9-10.5

What is debt?

• Money you have borrowed and need to pay back

• Money you make from working at a job

• Money you make from the government

• Taxes that you pay when you buy something

What is not an example of money?

• Currency
• Debit Cards
• Credit
• Checks

Medium of exchange used to buy goods and services.

• Credit
• Investing
• Saving
• Money

Buy something now and pay for it later. 

• Credit
• Debit
• Investing
• Spending

Which card takes the money out of your account immediately?

• Credit 
• Debit

A monthly account of the money that you have in your bank and how you spent it.

• Annual Fee
• Certificate of Deposit
• Bank Statement

Money you earn through work

• Taxes

• Interest

• Income

• Credit Card

Tags

CCSS.6.RP.A.3B