Financial Literacy

Front

Money that you earn is called....

Back

Income

Front

Things we would like to have but do not need them to survive.

Back

Wants

Front

Money you pay when you borrow money, beyond the amount borrowed.

Back

Interest

Front

To save money for a goal, such as purchasing a car, home or to pay college.

Back

Planned Spending

Front

Things that are essential like shelter and food.

Back

Needs

Front

The amount of money you have available to spend or save.

Back

Budget

Front

Money that is given to you that you do not have to pay back.

Back

Gift

Front

A plan for how to spend your money.

Back

Budgeting

Front

The total amount of money you earn before any deductions.

Back

Gross Income

Front

The amount of money you take home after taxes and deductions.

Back

Net Income