Financial Literacy Gr6

A teenager made $60 babysitting and then spent $18.95 on books and $4.45 on snacks. About how much was left to save?

What does the word "financial" mean?

When a person can pay for something using their smartphone, they might have this:

What is a card that people use to buy things today and pay for them later?

Terina has $15, all in coins. What is the least number of coins she could have?

The province of Ontario collects this tax when people buy things or pay for services.

WHen a person goes online to send money from their account to somebody else's, they are doing this:

A toy has a price of $9.99 on it. Estimate the tax that will be charged on it

A savings account is one way that you might be able to earn interest on money you have.

This institution is like a bank, but it doesn’t make a profit when you save your money there.

A server in a restaurant earns tips from customers as well as hourly wages from the restaurant for time spent working

When you receive a gift card, you have to use it at the same place it was bought for the exact amount on the card

Kip uses a $25 gift card for a purchase of $23.78. What value is left on the card?

Income is any money that somebody has, whether they worked for it, received it as a gift or found it

What is a way to figure out a 20% tip

The word "TRANSACTION" refers to any exchange of money.

If somebody wants to get a debit card, then they would need this type of bank account

When a bank pays you for saving your money with them, they pay you this:

When people eat out at a restaurant, they might leave this extra amount after their meal

Jamy borrowed $20 and has to pay it back in a week. How can you describe his situation?

What does it mean for a person to invest their money?

A store credit means that you return something to the store and then you can do this:

True or False: The word "EXPENSE" is used in a budget to refer to money that you might plan to spend on things.

Sam uses a $15 gift card for a purchase of $21.45. How much extra does Sam have to pay?

A 20 year old who wants to buy a car might need one of these to pay for it over time.

Manny wrote a cheque to pay a bill. What did he need to fill in?

When you buy something at a garage sale you need to pay tax.

When banks agree to lend money, they make money by charging this extra amount

If you want to buy something at a garage sale, you will need to have this:

Why might a store offer a loyalty program?

Why might a customer join a loyalty program?

The Ontario government charges this amount of tax on purchases.

What does a filled-in cheque tell the bank

Harmonized Sales Tax describes a combination of these two taxes.

The government of Canada collects this tax when people buy things such as furniture or clothes

What is a card that people can use at a banking machine to get cash?

A charitable organization is one that is not allowed to make any profits

What is a budget?

A family planning to buy a new house might need one of these from a bank:

Notebooks cost $12 for a package of 3. How much is that for each notebook?

A student collected $19 for each kilometre of a 22km walkathon. What was the total amount the student raised? Estimated

When you trade for something without using money, you use a form of this:

The term "WAGE" refers to how much a person is paid for each hour of each day they work.