Financial Literacy

Front

What is unplanned spending?

Back

Money spent on unexpected expenses, like car repairs or doctor visits.

Front

Is it a good idea to save money?

Back

True

Front

What happens to the price of apples after a snowstorm damages the trees?

Back

The price of the apples will likely increase.

Front

What is planned spending?

Back

Money set aside for specific goals, like buying a car or paying for college.

Front

What are needs?

Back

Essential things required for survival, like shelter and food.

Front

What is a budget?

Back

A plan for how to spend and save money.

Front

What is saving?

Back

Setting aside money for future use.

Front

What is a goal in financial terms?

Back

A specific target for saving or spending money.

Front

What is income?

Back

Money received, usually from work or investments.

Front

What is an expense?

Back

Money spent on goods and services.