Vocabulary
What is it called when you take money out of your bank account?
A withdrawal
Tran has $10 in her bank account. She makes a withdrawal of $3. How much does she have left on her bank balance?
$7
Kaylee has $5 in her bank account. She then deposits $23 in it. How much does she have in total now?
$28
$21
What is it called when you earn money from working?
Income
What is it called when you put money into your bank account?
Vincent has $173 in his bank account. He makes a withdrawal of $112. How much does he have left on his bank balance?
$61
Trung has $149 in his bank account. He then makes a deposit of $230. How much money does he have altogether now?
$379
Co Xuan earned $200 from work. She has to budget this money and decides to save $139 and spend the rest. How much money can she spend this month?
$61
What is a donation?
When you use your income towards a good cause, not expecting the money back. You may donate your time to help the poor, give money or food to help out the less fortunate.
What is it called when you let someone borrow money with the expectation that they will pay it back?
Lending
Bich has $319 in her bank account. She needs to pay Tracie $239 back and needs to withdraw cash from her bank account. How much will she have left on her bank balance after she withdraws money from her account?
$80
Cardi Vy has $133 in her bank account. She makes a deposit and now has $245 in his bank account. How much did she deposit?
$112
Co Kat has $100 and sets her budget to buy a book for $10. She also budgeted enough to buy Emma and Sophia a toy for $36. How much will she have left after spending her money on the book and toys?
$54
What are two things you can spend your money on that require you to purchase something?
Goods or Services
What is it called when you use money to pay for something?
Spending
Anna has $918 in her bank account. She needs to pay Tracie $709 back and needs to withdraw cash from her bank account. How much will she have left on her bank balance after she withdraws money from her account?
$209
$89
Co Lin went to the store with her daughter Leah. She budgeted $125 to spend on groceries. If Leah wants a toy for $25 and Co Lin has already spent $110, does she have enough for the toy?
No
What is it called when you have a plan for how you are going to use your money?
A budget
Savings
Sabrina owes Calvin $388. He needs cash so Sabrina has to go to her bank for a withdrawal. If she only has $299, how much more does she need to pay Calvin back?
$89
Tiffany has $345 then deposits $459 into her bank account. She goes to work and earns $149 more a her income. How much money does she have altogether now?
$953
Mrs. Appling sets her spending budget at $900 this month. She spends $250 on a new purse, $80 on a hair service and withdraws $50 to give to Mrs. Smith to repay her for something. How much money does she have left to use in her budget?
$520
What are 3 ways that you can use your money?
Spend, save, or donate it