Financial Literacy | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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give an example of income

answers may vary

to use money to pay for something

spend

give an example of fixed expense

answers may vary

give an example of spending

answers may vary

an expense that does not change from time period to time peiod

fixed expense

give an example of labor

answers may vary

to put aside money

save

money that is earned from work, business, or investments

income

the amount of money paid by the borrower to the lender for the use of the money loaned to them

interest

to put money into a bank account for safe keeping

deposit

the act of taking money out of a bank account

withdraw

to give something away without expecting it to be returned

giving

Give an example of a interest.

answers may vary

an arrangement for a deferred payment on a loan or purchase

credit

money that is made in business after all the costs and expenses are paid

profit

a cost that varies over time according to a number of factors

variable expenses

give an example of a variable expense

answers may vary

to take or use with the promise to pay back

borrow

to give or donate to help people or a cause

charitable

to give money with an agreement that it will be paid back

lend

service performed for which someone is paid

labor