Financial Literacy

Front

What is credit?

Back

Paying for something with money that is borrowed and must be paid back, usually with interest.

Front

What does it mean to spend money?

Back

When you give money to someone else in exchange for something.

Front

What is salary?

Back

The amount of money you can earn by being self-employed or by doing a job for another person or business.

Front

What is human capital?

Back

Knowledge and work skills that a person has.

Front

What is charitable giving?

Back

Donating money or resources to help others, like giving to the Red Cross.

Front

What is income?

Back

The money you earn from working or investments.

Front

What is saving?

Back

Setting aside money for future use instead of spending it now.

Front

What is a budget?

Back

A plan that outlines how to spend and save money.

Front

What is interest?

Back

The extra money paid when borrowing money or the money earned on savings.

Front

What is a loan?

Back

Money that is borrowed and must be paid back, usually with interest.