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Answer Key

Grade 6 Social Studies: Financial Literacy — Income, Careers & Budgeting

Teacher reference

1.
money received from work or other sources
2.
a longer-term path of work built from skills and experience
3.
a plan for how to use income for spending and saving
4.
set money aside for future goals instead of spending it all now
5.
skills, knowledge, and experience that can increase earning ability
6.
builds skills that open pathway options
7.
needs, wants, savings (examples)
8.
need: essential; want: nice-to-have
9.
a plan for spending and saving income
10.
practice skills, courses, reading, clubs (examples)
11.
lunch closer to need; merch want (context varies)
12.
Answers vary

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