Financial Literacy-6th Grade

Expenses that change every month (Groceries, clothing, fuel, entertainment, eating out)

An account at a bank that allows a person to deposit or withdraw money and write checks to pay for goods and services

A loan to purchase a home or other real estate

Things that add comfort and pleasure to your life (you don't need them, you __________ them)

A card issued by a bank that a consumer uses to pay for purchases with money from a checking account

When you spend more money than you have (debt or surplus)

When you have unexpected things happen that require money (medical emergency, automobile accident, unplanned travel)

The price paid for the use of borrowed money

An amount of money subtracted from a bank account balance (debit or deposit)

A table for recording information about checks written on a bank account

A card, issued by a bank, store, or other business, that is used to borrow money or buy goods and services on credit; consumers make regular payments to repay the bank, store, or business

Things that are required in order to live

Money placed into a checking or savings account in a bank (you fill out a ___________ slip when you put money into your account)

Money you are setting aside

A slip of paper that is filled out to allow a bank to take money from a checking account to pay for a purchase

The ability to understand how money works in the world

Setting money aside for a short period of time

Money you save for a long period of time

A finance plan or a plan for your money: Income, expenditures, and savings

Money earned from work you have done (income or expenses)

A number assigned to a person that indicates to lenders their ability to repay a loan

The total amount of money in a bank account (account balance or overdraft)

The wants and needs a person spends money on (income or expenses)

The same expenses you have every month (Mortgage(s), Rent, Lease / car loan payment)