Financial Literacy

Front

What is a withdrawal?

Back

The act of taking money out of a bank account.

Front

What are fixed expenses?

Back

Regular costs that do not change, such as rent, insurance, and subscriptions.

Front

What is a bank account balance?

Back

The amount of money you have in your bank account.

Tags

CCSS.6.NS.B.3

Front

What is a deposit?

Back

Putting money into a bank account for safekeeping.

Front

What is profit?

Back

The money kept after all costs and expenses are paid.

Tags

CCSS.6.NS.B.3

Front

What is a financial institution?

Back

An organization that provides financial services, like banks.

Front

What are variable expenses?

Back

Costs that can change from month to month, like groceries and entertainment.

Front

What is budgeting?

Back

The process of creating a plan to spend your money.

Front

What is saving?

Back

Setting aside money for future use.

Front

What is interest?

Back

The money paid to you by a bank for keeping your money there, or the cost of borrowing money.

Tags

CCSS.7.RP.A.3