Financial Literacy

What is a need?

• 
  Something fun to have

•  Something you must have to survive

• Something to earn money

• Something you can live without

What is the main reason to create a budget?

• To have more wants

•  To help you live within your means

• To spend money without limits

• To buy things on credit

What is the difference between saving and borrowing?

• Saving is putting money aside, borrowing is taking money from savings

• Borrowing is repaid, and saving is not repaid

• Borrowing is setting money aside for the future

• Saving is spending money you don't have

What is the purpose of a checking account?

• To invest in long-term goals

• To pay bills and immediate needs

• To earn interest on your money

• To save money for the future

What is a budget?

• Money you borrow

• Plan for managing your money

• Money you earn passively

• Money you earn passively