Financial Literacy
What do we call the money you earn from working?
Income or earnings
What document lists your work experience and skills?
Resume
What do we call someone who starts their own business?
Entrepreneur
What is a budget?
A plan for how to spend and save money
What does ATM stand for?
Automated Teller Machine
What is the money you borrow and must pay back, usually with interest?
A loan
What is the process of answering questions when applying for a job?
Job Interview
Name one example of a small business.
Restaurant, salon, clothing store, etc.
Name one example of a monthly expense.
Rent, groceries, utilities, transportation, etc.
What is the currency used in the United States?
The U.S. dollar
What does it mean to have good credit?
Having a history of responsibly managing borrowed money and paying bills
What is a professional reference?
Someone who can recommend you professionally
What is a business plan?
A plan outlining how a business will operate and make money
What should you do if your expenses are higher than your income?
Reduce spending, prioritize needs, or find ways to increase income
What does it mean to shop locally?
Buying goods or services from businesses in your community
What is an emergency fund used for?
Unexpected expenses, such as car repairs or medical bills
What is networking when it comes to finding a job?
Building professional relationships that may lead to job opportunities
What does it mean to invest in a business?
Putting money or resources into a business to help it grow
What is the difference between a need and a want?
A need is something essential; a want is something you would like to have.
What does inflation mean?
A general increase in prices over time
What is the difference between a debit card and a credit card?
Debit uses money from your bank account; credit borrows money that must be repaid.
What is one benefit of continuing your education or job training?
More skills, knowledge, qualifications, or career opportunities
Why is supporting small businesses important to a community?
They create jobs, provide services, and keep money circulating locally.
Why is it important to save money instead of spending every paycheck?
To prepare for emergencies and future goals.
What does economic development help improve in a community?
Jobs, businesses, infrastructure, and residents' quality of life.