Financial Literacy for Kids

What is something you absolutely need to survive?

• Food

• Video game

• Skateboard

• Favorite toy

What does a budget help you to do?

• Spend more money

• Borrow money

• Live within your means

• Earn interest

What is the main purpose of a savings account?

• To borrow money

• To save money for future use

• To pay bills

• To use money immediately

What is the difference between a credit card and a debit card?

• Both cards use borrowed money

• Debit card uses borrowed money, credit card uses your own money

• Both cards use your own money

• Credit card uses borrowed money, debit card uses your own money

True or False: Checking and savings accounts are the same.

• True

• False

• Depends on the bank

• Sometimes true