Financial Literacy

What is a budget?

• A plan for how money will not be used

• A plan for how money will be used

• The amount you spend

• The amount you save

What is income?

• The amount you spend

• The amount you don't save

• Money taken in

What is variable expense?

• The amount of money you spend

• The amount of money you save

• An expense that costs different amounts every month

• The variable in math

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

• credit
• income
• resources
• salary

What is an emergency fund?

• A savings account set aside for unexpected situations.

• A way to invest for retirement.

• Something most people don't need, because emergencies are rare.

• An investment account that can grow over time.

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

Buy something now and pay for it later. 

• Credit
• Debit
• Investing
• Spending

Which card takes the money out of your account immediately?

• Credit 
• Debit

The cost of borrowed money, usually expressed as a percentage.

• interest
• savings plan
• scarce
• purchase