Personal Financial Literacy

Understanding a Paycheck

• ​Net income

• ​Income

• ​Deduction

• ​Employer

• ​Employee

• ​Income tax

• ​Gross income

• ​Wages

• Budget

• Balanced budget

• Check

• Debit card

• Electronic payment

• Expense

• Product/Service

• Deposit

• ​Savings

• Withdrawal

• Transfer​

Checking/ Savings Accounts

​Turn and Talk

1. ​What do you know about credit cards?

   1. ​I know credit cards...

2. ​Do you want a credit card? Why or why not?

   1. ​Yes, I want a credit card because...

   2. ​No, I do not want a credit card because...

​Credit Card

• ​Interest

• ​College

• ​Loan

• ​Borrower

• ​Lender

​Turn and Talk

1. What is a benefit to having a credit card?

   1. ​A benefit to having a credit card is...

2. What is a disadvantage to having a credit card?

   1. ​A disadvantage of having a credit card is...

3. ​Do you think you will eventually get a credit card? Why or why not?

   1. ​Yes, I think I will eventually get a credit card because...

   2. ​No, I do not think I will eventually get a credit card because...