Financial Literacy Vocabulary

If you take money from someone temporarily, you ______ it.

To put money into a bank account is to ______ money.

To give money to someone temporarily is to ______.

Make a living means to earn money to support oneself.

• True

• False

"Pay money back" means to return borrowed money.

• True

• False

What does it mean to "splurge on" something?

• To save money

• To spend a lot of money on something unnecessary

• To borrow money

• To lend money

What does it mean to 'budget' your money?

• To spend all your money at once

• To plan how to spend your money

• To borrow money from a friend

• To hide your money

Which word describes the money you earn from work?

• Debt

• Income

• Expense

• Loan

If you 'invest' money, what are you doing?

• Spending it on daily needs

• Saving it in a bank account

• Putting it into something to make a profit

• Giving it to someone as a gift

What is a 'loan'?

• Money you give to someone

• Money you borrow from a bank

• Money you earn from a job

• Money you save for future use