Career Readiness Financial Literacy

money earned or received

• Expenses

• Income

• Deductions

• Check

the total amount of personal income before taxes and deductions

• Net Income

• Gross Income

the income that remains after taxes and other deductions

• Net Income

• Gross income

a written document telling the financial institution to pay someone

• Cash

• Card

• Check

• Debit

a card that can be used to borrow money from financial institutions,

• debit card

• credit card

• check card

• cash card

payment for goods and services, what you spend

• Income

• taxes

• expenses

• credit card

a bankcard linked to an individual’s checking account 

• debit card
• credit card
• check card
• electronic card

What is saving?

• Accumulation of excess funds by intentionally spending less than you make

• Cash set aside to cover the cost of unexpected events

• A monetary asset that contributes to your net worth

• Money available today that is worth more if received in the future

What is credit?

• Receiving goods and services now and paying for them later

• The process of depositing money into your savings the day you receive it so you have savings later

• Having ownership of a company based on how many stocks you have bought

• Accumulating money each month for emergencies

Ms. Calandra was going on a vacation. She took some money out of her account to pay for her trip. She made a _______________ from her bank account.

• deposit

• withdrawal

• debit

• deduction