Financial Literacy for 4th grade

An account that allows a customer to deposit and withdraw money and earn interest at the bank.

A withdrawal is ____________________.

Money placed into a checking or savings account at a bank.

Your ______________ is how much money you have left in your account at the bank.

Monthly, Bob pays $1,175 rent, $337 for a car, and about $200 for food. Fixed expenses total?

A ____________ expense is a cost that stays the same each month.

An organized plan developed for how to spend and save money is called a ________.

Al spent $1,756.25 for materials to make furniture he sold for $3,425.19. What was his profit?

A cost that may change from month to month and can be changed to balance a budget.

A financial institution such as a bank does NOT--

Bob earned $300 selling rats in May. His profit was $266.72. What were his expenses?

Money paid by a borrower in exchange for using a lender's money.