Financial Literacy 3rd

Front

What is scarcity?

Back

Scarcity is when there is not enough of something.

Front

What is the value of these coins: 10¢, 10¢, 5¢, 5¢, 1¢?

Back

31¢

Tags

CCSS.4.MD.A.2

Front

What do we call items you would like to have but do not have to have?

Back

Want

Front

What do we call items you have to have for daily life?

Back

Need

Tags

CCSS.RI.3.2

CCSS.RI.4.2

CCSS.RL.3.1

CCSS.RL.3.2

CCSS.RL.4.1

Front

What is it called when you allow goods and services to be used now with a promise of payment in the future?

Back

Credit

Front

What is a budget?

Back

A budget is a plan for how to spend your money.

Tags

CCSS.RI.1.5

CCSS.RI.2.5

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

Front

What is saving?

Back

Saving is setting aside money for future use.

Front

What is spending?

Back

Spending is using money to buy goods and services.

Tags

CCSS.RI.3.2

CCSS.RL.2.1

CCSS.RL.3.1

CCSS.RL.3.2

CCSS.RL.4.1

Front

What is a need? Give an example.

Back

A need is something essential for survival, like food or water.

Tags

CCSS.RL.1.3

CCSS.RL.2.1

CCSS.RL.4.3

CCSS.RL.5.3

CCSS.RL.6.3

Front

What is a want? Give an example.

Back

A want is something that is nice to have but not necessary, like a toy.

Tags

CCSS.RI.2.1

CCSS.RI.3.2

CCSS.RL.2.1

CCSS.RL.3.1

CCSS.RL.3.2