Financial Literacy Unit Vocabulary

1. The amount of money you have left in your account after adding income and subtracting expenses.
4. things that a person would like to have but are not needed for survival
7. TERM means something that happens or is planned to happen soon — like in the next few days, weeks, or months.
8. Money set aside for future expenses.
10. something that you purchase with the hope that it will provide income or will be more valuable in the future.
13. TERM means something that happens or is planned to happen far in the future — usually many months or even years from now.
14. Money that parents or guardians give to kids regularly, often for doing chores or helping at home.
17. setting aside your money for future use.
18. Work that a person does to earn money.
19. Money you spend on things like food, clothes, or fun activities.

1. A plan for how to spend and save money. It helps you make sure you don’t run out of money.
2. putting money somewhere it can grow.
3. LITERACY the ability to understand and use financial information in order to make informed decisions
5. Money a person earns for the hours or days they work.
6. Money that a person earns or receives.
9. money set aside for future use.
11. A set amount of money a person earns from a job every year, no matter how many hours they work.
12. the extra money you earn when you save or pay when you borrow money.
15. things that people require to survive; if you do not have those things, the body cannot function
16. what we use to buy things we need or want and pay people for work that they do