Front

What is a fixed expense?

Back

A fixed expense is a cost that does not change from month to month, such as rent or a subscription service.

Front

What is a variable expense?

Back

A variable expense is a cost that can change each month, such as groceries or entertainment.

Front

What are financial institutions?

Back

Financial institutions are organizations that provide financial services, such as banks and credit unions.

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What is a bank?

Back

A bank is a financial institution that accepts deposits from the public and provides loans.

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Front

What is a credit union?

Back

A credit union is a member-owned financial cooperative that provides savings and loan services.

Front

What is health insurance?

Back

Health insurance is a type of insurance that covers medical expenses.

Front

What is a checkbook?

Back

A checkbook is a book of checks that allows you to withdraw money from your bank account.

Front

Can you write checks if you have no money in your account?

Back

No, you cannot write checks if you do not have enough money in your account.

Front

What is a subscription service?

Back

A subscription service is a business model where customers pay a recurring fee to access a product or service.

Front

What is budgeting?

Back

Budgeting is the process of creating a plan to spend your money wisely.