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Financial Literacy-6th Grade
Game Code: 45356
English
24
Public
Financial Literacy-6th Grade
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Ms. Ludwig
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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
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