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Grade 5 Social Studies: Financial Literacy — Credit Awareness & Budgeting
Name
Date
1.
What is a budget?
2.
What is income?
3.
What is an expense?
4.
What does save mean?
5.
What is credit (kid-appropriate)?
6.
What is debt?
7.
What is interest (intro)?
8.
Why can borrowing be useful?
9.
Make a mini budget: income $15; list 3 expense categories.
10.
Explain credit in one kid-safe sentence.
11.
Why might interest make a loan cost more?
12.
Give one benefit and one risk of borrowing.
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