Financial Literacy Terms | Baamboozle - Baamboozle

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When a person takes money from someone and plans to pay them back later.

Borrowing

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Is the money that something costs you or that you need to spend to do something.

Expenses

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When a person takes their money out of a bank account to be spent.

Withdrawl

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Provide you instant mini-loans to pay for goods and services. For that convenience, you typically pay interest on the amount you borrow and, often, miscellaneous fees.

Credit Cards

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A person or business who makes goods or provides a service to others.

Producer

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A job that is done to help another person. It is not something that can be bought at a store but is an action done by another person.

Service

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heart

Other team wins 25 points!

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magnet

Take 20 points!

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gift

Win 25 points!

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thief

Give points!

eraser

Reset score!

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seesaw

Swap points!

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rocket

Go to first place!

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banana

Go to last place!

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Items that are produced and bought.

Goods

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Money earned from doing your job and completing your work.

Income

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heart

Other team wins 25 points!

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gold

Win 50 points!

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rocket

Go to first place!

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banana

Go to last place!

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Are written plans on how you are going to spend your income.

Budgets

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eraser

Reset score!

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gift

Win 15 points!

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shark

Other team loses 10 points!

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lifesaver

Give 25 points!

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When a person keeps money to spend later instead of spending now.

Saving

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A person or business that buys goods or services.

Consumer

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Money that is placed in a bank account.

Deposit

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