Financial Literacy Vocabulary

The Total amount of money in an account.

• Asset

• Account Balance

• Investment

• Mortgage

Tags

CCSS.7.NS.A.1

CCSS.7.NS.A.3

An Estimate of income and expenses over a period of time.

• Budget

• Income

• Fixed Expense

• Net Worth

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.RP.A.2

CCSS.7.RP.A.3

An Asset is something you _______ or have.

________: An amount you pay to borrow money or an amount you earn from a savings account.

Tags

CCSS.7.RP.A.3

Expenses that do not change

• Small Expense

• Variable Expense

• Fixed Expense

• Large Expense

Putting money in an account

• Income

• Deposit

• Investment

• Withdrawl

Tags

CCSS.7.NS.A.3

CCSS.7.RP.A.3

A Mortgage is a loan for a ____________?

A Variable Expense is an expense that_______.

• remains large

• Stays the Same

• Moves around

• changes

Which are examples of possible withdrawals from a bank account?

• paying bills

• paycheck

• paying money to a friend

• Buying V Bucks

Assets-Liabilities

• Budget

• Interest Rate

• Net Worth

• Investment

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.3