Financial Literacy Vocabulary

Front

Deposit

Back

to put some money in your bank account

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

Front

Spending/Spent

Back

paying for something

Tags

CCSS.L.2.4B

CCSS.L.3.2E

Front

Cost

Back

how much money it takes to buy something

Front

Borrow

Back

getting a loan or getting something for a short period of time and then paying it back

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Front

Financial Records

Back

A record of what, when, and how much you spent and your current balance

Front

Income

Back

the amount a person or a business makes after taking out expenses

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Front

Budget

Back

A plan for your spending when your income is equal to your expenses.

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Front

Loan

Back

money that is borrowed and must be paid back with interest

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Front

Interest

Back

the extra money you have to pay back when you are borrowing

Tags

CCSS.7.RP.A.3

Front

Expense

Back

money that you spend on goods and services

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C