Financial Literacy

Identify the Wants

• Video Games

• Coca-Cola

• Jacket for Winter

• Ice Cream

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.RL.1.4

Identify the Needs

• Water

• Clothes

• Food

• Movies

What does it mean to pay money back with "interest"?

• You get to keep all the money
• You have to pay back the money PLUS an additional amount
• You have to pay back ONLY the amount you borrowed
• You have to pay back SOME of the money you borrowed

Tags

CCSS.7.RP.A.3

Jack wanted to make money so that he could buy a set of crayons. He swept the kitchen floor and cleaned the windows in his house. His mom gave him $5 for doing extra chores. What did Jack do with money?

• save

• spend

• earn

• lend

Tags

CCSS.RL.1.3

CCSS.RL.2.3

CCSS.RL.3.3

CCSS.RL.4.3

CCSS.RL.5.3

_________ is the money that is earned for the person that did the _________ .

• rent, cleaning

• interest, labor

• bills, purchase

• income, labor

Tags

CCSS.RI.2.5

CCSS.RI.3.3

CCSS.RI.3.5

CCSS.RI.4.3

CCSS.RI.4.5

As good and services become scarce, what happens to the price?

• It remains the same

• The price increases

• The price decreases

• It's free!

What is the money called that is paid by a borrower to a lender for the use of the lender's money?

• Income
• Credit 
• Interest
• Purchase

Tags

CCSS.7.RP.A.3

What helps you save money regularly so you can reach your goals? 

• Human Capital 
• Credit 
• Savings Plan 
• Salary 

What is paying for something with money that you borrow and must pay back, usually with interest? 

• Income
• Credit
• Interest 
• Lend 

Tags

CCSS.RF.2.3E

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.2.3F

What is paying for something with money that you borrow and must pay back, usually with interest? 

• Income
• Credit
• Interest 
• Lend 

Tags

CCSS.RF.2.3E

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.2.3C