Monetary Literacy Vocabulary Phrases + Jeopardy-Type Sport

It may be troublesome for college students—and even some adults—to really feel assured of their understanding of funds. In any case, cash could be a supply of stability, however it will also be anxiety-inducing when an individual doesn’t really feel financially literate or in management. However it doesn’t need to be that method! These monetary literacy vocabulary phrases together with our free Jeopardy-style recreation are the right stepping stones into any monetary literacy lesson.

By educating college students about how cash works early on, they’re extra prone to mature into financially safe and accountable adults. That’s why we’re right here that will help you break down important monetary vocabulary into digestible items—after which make it enjoyable with a recreation!

Monetary Literacy Vocabulary Phrases

This listing of phrases might be useful for college students to get a deal with on phrases they could hear in real-life situations or in upcoming classes. They’re all included in our free Jeopardy-style recreation!

Fundamentals

• Earnings: Cash you earn from working or from stuff you personal that generate profits, like a enterprise.
• Expense: Cash you spend on stuff you want or need, like payments or snacks.
• Curiosity: Extra cash you pay if you borrow cash, or cash you earn from saving it, normally proven as a share.
• Debt: Cash you owe since you borrowed it and must pay it again.
• Bank card: A cost sort that creates a mortgage, which means you must pay again the acquisition quantity plus curiosity at a later time.

Banking

• Checking account: A checking account that enables easy accessibility to funds for on a regular basis transactions.
• Financial savings account: A checking account that earns curiosity over time and is often used for storing cash that you just’re not going to make use of immediately.
• Overdraft: Happens when cash is withdrawn from a checking account and there usually are not ample funds to cowl it.
• Direct deposit: The digital switch of a cost, typically a paycheck, straight from the payer’s account to the recipient’s account.
• Mortgage: Cash that you just borrow and need to pay again later, normally with extra cash on prime known as curiosity. An instance of this can be a mortgage.

Investing

• Inventory: A small unit of possession of an organization; when the corporate makes or loses cash, you can also make or lose cash.
• Dividend: The identify for a distribution of income by an organization to people who personal that firm’s inventory.
• Portfolio: A group of all of the totally different investments (like shares and bonds) that somebody owns.
• Bond: A strategy to lend cash to an organization or the federal government, who guarantees to pay you again with some extra cash later. That is usually a low-risk funding.
• Mutual fund: A bunch of various investments that folks put their cash into collectively. Specialists handle it to assist the cash develop, and it’s thought of to be much less dangerous than investing in a singular inventory.

Taxes

• Tax: Cash that the federal government costs individuals to pay for issues like faculties, roads, and public companies.
• Earnings tax: A kind of tax that you just pay on the cash you earn from working.
• Tax deduction: An expense that may decrease the quantity of revenue that you must pay taxes on, so that you pay much less in taxes.
• Tax credit score: An sum of money that’s subtracted from the quantity you owe if you file your taxes.
• Withholding: Cash that’s deducted out of your paycheck earlier than you obtain it to routinely pay for issues like taxes.

Get Our Free Jeopardy-Type Sport!

Your college students will take pleasure in enjoying this Jeopardy-style recreation the place they’ll work collectively to guess the vocabulary phrases from supplied clues. It’s an incredible kickoff to any sort of monetary literacy studying to get some fundamental understanding of terminology.

How To Use the Sport

This monetary literacy vocabulary recreation is accessible on Google Slides and is ideal for classroom use!

• Divide your class into groups to compete within the Jeopardy-style monetary literacy recreation.
• The groups will take turns choosing classes with some extent worth after which work collectively to decide on the proper time period that matches the clue. Set a time restrict to offer their response if wanted.
• Use the optionally available phrase financial institution for every class to offer college students a touch. Or ditch the phrase financial institution to make it more difficult!
• Add up factors for appropriately answered questions on the board, and remember to cross out the classes that had been already used.