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Financial Literacy

PHOTOS SPARK CONVERSATIONS

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This person is working on a budget.

Why do you think budgeting is important?

LET'S LEARN!

Useful Words/Phrases

  • budget
  • savings
  • interest
  • investment
  • debt
  • financial goals
  • credit score

SPEAK MORE!

Direction: Discuss the following questions with your mentor and share about yourself. Make sure to answer in complete sentences.

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  1. What is financial literacy, and why do you think it’s important?
  2. Have you ever tried to create a budget? What was that experience like?
  3. Why do you think it’s important to save money, even if it’s a small amount?
  4. What are some benefits and challenges of using credit cards?
  5. How can financial literacy help you achieve your goals?
  6. What are some ways you could improve your financial literacy?

Let's Practice!

Direction: Create a question using the vocabulary discussed.

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budgeting practices
Situation:

1. Think about budgeting: How would you ask about budgeting practices?

saving
Situation:

2. Consider savings: How would you ask about the importance of saving?

financial goals
Situation:

3. Think about financial goals: How would you ask about setting and achieving financial goals?