Ms. Clark's 5th Grade Financial Literacy Unit

A card issued by a bank that allows a user to buy items right away and pay for them later!

An organized plan for spending and saving money.

The total taxes taken out of an employee's check...

A tax paid by the consumer when they buy something....

A number tied to you based on payments being made on time and little to no debt!

When you pay for goods or services electronically, you are making a what?

What is the correct term for: where income is equal or greater than expenses?

Income after deductions are taken out is called....

What is it called when you take money out of your bank account?

A written order asking banks to pay a certain amount to the payee...

When you owe more money than you have to companies and multiple account balances, you are....

Money taken from your earnings to pay taxes, medical and dental insurance, and retirement.

Records you keep in order to keep track of your spending and savings!

The financial worth of a product or service

What is the total income before taxes and deductions are taken out?

a card issued by your bank that uses your money. You have a four digit pin number to use it.

Federal taxes taken out of an employee's paycheck...

The money left in account after spending it is called

A tax on real estate, land, and other personal property.

Money that you earn.

Money you put into your bank account and makes your balance go up! Woohoo!