Money Basics
Paper or coins used to buy things.
What is money?
Money set aside for emergencies or future expenses.
What is savings?
Buying something you need, like food or clothes.
What is a need?
The secret number you use with a debit or credit card.
What is a PIN?
Work you do to earn money
What is a job?
Money you keep instead of spending it.
What is saving?
A financial plan that shows how much money you earn and spend.
What is a budget?
Buying something you want, but don’t need.
What is a want?
The type of call, email, or message that tries to trick you into giving money or personal info.
What is a scam?
Money you get from working
What is a paycheck?
The amount of money you owe someone else.
What is a debt?
Money earned from savings or investments without working for it
What is passive income?
Looking at different prices before buying
What is comparing prices?
If someone steals your money from your account, the first place you should contact is this.
What is your bank?
Money earned over time from working or a business.
What is income?
Money that a bank or person lends you that you must pay back.
What is a loan?
Money saved for emergencies, like car repairs or medical bills.
What is an emergency fund?
Using a card to buy now and pay later
What is a credit card?
Using a secure website that starts with these letters helps protect your money online.
What is HTTPS? (Hypertext Transfer Protocol Secure)
Extra money you earn from working extra hours.
What is overtime?
Extra money the bank gives you for keeping your money there.
What is interest?
When you spend more money than you have saved.
What is overspending?
Items have an additional charge on top of the price to pay federal state and local governments
What is a tax?
A report that helps you check for fraud or identity theft.
What is a credit report?
Money people pay you if you help them.
What is wages or salary?