Financial Literacy Jeopardy!!!

Vocabulary

100

Adding or putting money into an account.

Deposit

200

Taking money out of an account.

Withdrawal

300

A plan for how to save and spend money.

Budget

400

Something, typically money, that is owed or due.

What is debt?

500

Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.

What is an Asset?

True or False

100

You should always spend more money than you have.

FALSE!

200

Interest is always a good thing.

FALSE

300

Fixed expenses include things like rent.

TRUE

400

The two parts of a budget are income and outcomes.

FALSE

500

Variable Expenses change from month to month

TRUE

Final Jeopardy

500

Calculate this by taking the total amount of money and assets you have and subtracting the total amount of money you owe.

What is net worth?