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Financial Literacy-6th Grade

  •  English    24     Public
    Financial Literacy-6th Grade
  •   Study   Slideshow
  • A finance plan or a plan for your money: Income, expenditures, and savings
    Personal budget
  •  15
  • Money earned from work you have done (income or expenses)
    Income
  •  15
  • The wants and needs a person spends money on (income or expenses)
    Expenses
  •  15
  • The same expenses you have every month (Mortgage(s), Rent, Lease / car loan payment)
    Fixed expenses
  •  15
  • Expenses that change every month (Groceries, clothing, fuel, entertainment, eating out)
    Variable expenses
  •  15
  • When you have unexpected things happen that require money (medical emergency, automobile accident, unplanned travel)
    Unplanned expenses
  •  15
  • Money you are setting aside
    Savings
  •  15
  • Setting money aside for a short period of time
    Short-term savings
  •  15
  • Money you save for a long period of time
    Long-term savings
  •  15
  • When you spend more money than you have (debt or surplus)
    Debt
  •  15
  • The price paid for the use of borrowed money
    interest
  •  15
  • Things that add comfort and pleasure to your life (you don't need them, you __________ them)
    wants
  •  15
  • The ability to understand how money works in the world
    financial literacy
  •  15
  • A number assigned to a person that indicates to lenders their ability to repay a loan
    credit score
  •  15
  • A loan to purchase a home or other real estate
    mortgage
  •  15
  • Things that are required in order to live
    needs
  •  15