Personal Financial Literacy

Front

The money you earn or receive is called

Back

Income

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

Front

What is the extra money that you must pay back to the bank on a loan called?

Back

Interest

Tags

CCSS.7.RP.A.3

Front

What is money borrowed that must be repaid, usually with interest?

Back

Loan

Front

What is the income that remains after taxes and other deductions?

Back

Net Income

Front

What is the total amount of money earned before any deductions?

Back

Gross Income

Tags

CCSS.7.RP.A.3

Front

What do you call a plan for managing your money?

Back

Budget

Front

What is the term for money set aside for future use?

Back

Savings

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

Front

What is a regular payment made for a service or product?

Back

Expense

Tags

CCSS.3.OA.D.9

Front

What is the difference between income and expenses called?

Back

Profit

Tags

CCSS.6.NS.C.7C

Front

What is a financial institution that accepts deposits and provides loans?

Back

Bank