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Personal Financial Literacy Flashcards | StudBud
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Personal Financial Literacy
Personal Financial Literacy
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5th Grade personal finance vocabulary and describe a budget
Flashcards
9 cards
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Practice quiz
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Questions
9
Answers
1
You find a stash of $100 dollar bills in your jacket!
Money in
Money Out
Money in after you check with your parents! ;)
2
The Mzee family does not turn off their lights.
Money in
Money Out
3
What is an action Kennedy can take in order to balance her budget if her expenses are greater than her income?
Nothing
Decrease expenses and decrease income
Increase expenses and increase income
Decrease expenses and increase income
4
Money you make.
Taxes
Income
Expense
Payroll Tax
5
Money you spend.
Tax
Payroll
Expense
Income
6
A list of income and expenses for a period of time.
Budget
Tax
Income
Money
7
The washing machine broke down and the plumber wants $200 to fix. How can the budget be adjusted to cover the cost?
Shopping Spree!!!
Only spend on necessities
Wear the same clothes no laundry!
Don't eat for a week
8
Wyatt babysits the neighborhood kids.
Money in
Money Out
9
Leila Child loves getting her favorite candy from Paris.
Money in
Money Out
