Financial Literacy

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What is a withdrawal?

Back

A withdrawal is when you take money out of your bank account.

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What does it mean to deposit money?

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To deposit money means to put money into your bank account.

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If you have $100 and take out $30, how much do you have left?

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You have $70 left.

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CCSS.4.MD.A.2

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What is saving?

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Saving is keeping money for future use instead of spending it right away.

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What is an allowance?

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An allowance is money given regularly, often by parents, to children.

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What does it mean to spend money?

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Spending money means using your money to buy things.

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If you want to buy a toy that costs $15 and you have $10, what do you need to do?

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You need to save more money to buy the toy.

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What is a piggy bank?

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A piggy bank is a container used to save money.

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What is the difference between saving and spending?

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Saving is keeping money for later, while spending is using money to buy things now.

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What happens when you run out of money?

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You cannot buy anything until you earn or save more money.