Financial Literacy

Front

What is Planned Spending?

Back

Planned Spending is saving money for a specific goal, like buying a car or a house.

Front

What is Income?

Back

Income is the money that you earn from working or other sources.

Front

What is Unplanned Spending?

Back

Unplanned Spending is money spent on unexpected expenses, like car repairs or doctor visits.

Front

What are Wants?

Back

Wants are things we would like to have but do not need to survive.

Tags

CCSS.RI.2.1

CCSS.RI.3.2

CCSS.RI.4.2

CCSS.RL.3.1

CCSS.RL.3.2

Front

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

Back

The price of the apples will likely increase due to lower supply.

Front

What is a Budget?

Back

A Budget is a plan for how to spend and save money.

Front

What is Saving?

Back

Saving is setting aside money for future use.

Front

What is a Loan?

Back

A Loan is money borrowed that must be paid back, usually with interest.

Front

What is a Need?

Back

A Need is something essential for survival, like food and shelter.

Tags

CCSS.RL.1.3

CCSS.RL.2.1

CCSS.RL.4.3

CCSS.RL.5.3

CCSS.RL.6.3

Front

What is Charity?

Back

Charity is giving money or resources to help those in need.

Tags

CCSS.RI.2.2

CCSS.RI.3.2

CCSS.RL.2.2

CCSS.RL.3.2

CCSS.RL.4.2