Personal Financial Literacy

Front

What is planned spending?

Back

Planned spending is saving money for a specific goal, like buying a car or a house.

Front

What is unplanned spending?

Back

Unplanned spending is money spent on unexpected expenses, like car repairs or doctor visits.

Front

What is a human resource?

Back

Human resources are the work done by people, both physical and mental, to produce goods and services.

Front

What should a bakery do to sell leftover empanadas before closing?

Back

The bakery should decrease the price to encourage sales.

Front

What are natural resources?

Back

Natural resources are materials from nature used to produce goods and services, like air, water, and coal.

Front

What is a want?

Back

A want is something you desire but do not need for survival, like toys or candy.

Tags

CCSS.RI.3.2

CCSS.RL.2.2

CCSS.RL.3.1

CCSS.RL.3.2

CCSS.RL.4.1

Front

What is a need?

Back

A need is something essential for survival, like food, water, and shelter.

Tags

CCSS.RL.3.9

CCSS.RL.4.2

CCSS.RL.4.9

CCSS.RL.5.2

CCSS.RL.5.9

Front

What is borrowing?

Back

Borrowing is taking money from someone with the promise to pay it back later.

Tags

CCSS.RF.2.3D

CCSS.RF.2.3E

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

Front

What is giving?

Back

Giving is providing something to someone without expecting anything in return.

Tags

CCSS.RL.2.6

CCSS.RL.8.3

Front

What is a budget?

Back

A budget is a plan for how to spend and save money.

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C