4th Grade Financial Literacy Vocabulary Review

Trading money for goods or services

Expenses that occur on a regular basis

• deposits

• withdrawals

• fixed

• variable

Putting money aside from current income to buy something in the future

• Spend

• Save

• Share

• Profit

Giving money to charity or another person

• spending

• saving

• sharing

• expenses

amounts of money spent

• profits

• income

• expenses

• receipts

banks, savings and loans, credit unions

• expenses

• financial institutions

• investment accounts

• balances

expenses that do not occur on a regular basis or amounts change

• fixed

• receipts

• balances

• variable

A plan that tracks your spending, saving, and investing to achieve financial goals

• Income statement

• Balance sheet

• Budget

• Financial forecast

Money received, especially on a regular basis, for work or through investments

• Expenses

• Profits

• Income

• Receipts

Putting money into an account

• profit

• receipts

• deposit

• withdrawal