What is the definition of pleasure?

Loves to spend money on whatever will make them happy

What is the definition of powerful?

Believes money makes one feel in control of his/her life

What does it mean to be financially responsible?

Saving and managing your money wisely

What is the definition of Status?

Having money and "things" will bring more happiness

What are the names of each attitude?

Frugal, pleasure, status, indifference, powerful, and self worth

What is financial literacy?

understanding how money works in the world

What is the definition of Self-Worth?

Measures own value by how much money one has

What is the definition of indifference?

Rather spend time on things such as hobbies, sports, outdoors

studbud

Attitudes about money/Financial Literacy

13 termsStudBud Administration130 plays

Imported from external platform

Flashcards13 cardsFPractice quizPHost liveL

Questions 13

Answers

1
How many attitudes about money do we have?
5
4
10
6
2
What is the definition of pleasure?
Feels nervous about money
Being good at budgeting, prioritizing, and waiting until things are on sale
Takes risk to make more money
Loves to spend money on whatever will make them happy
3
Why is financial literacy important?
All of the above
to understand how to build wealth
to better understand credit scores, risk, interest rates
to know the basics of personal fiance and money management
4
What is the definition of powerful?
Loves to hold and save money
Takes risks to make more money
Borrows money to spend now
Believes money makes one feel in control of his/her life
5
What does it mean to be financially responsible?
Buying that one scarf you saw that you just had to have
Saving and managing your money wisely
Going out to eat every day of the month
Getting the newest phone every year
6
Financial Literacy can benefit you because you will have a large sum of money to fall back on for emergencies
False
True
7
What is the definition of Status?
Having money and "things" will bring more happiness
Wants to make things happen
Doesn't like saving
Avoids money, Feels nervous about money
8
What are the names of each attitude?
Pleasure, status, indifference, powerful, self worthy
Frugal, plastic, status, painful, self righteous
Frugal, pleasure, static, indifference, powerful, self sufficent
Frugal, pleasure, status, indifference, powerful, and self worth
9
What is financial literacy?
using money unwisely
using money wisely
understanding how money works in the world
reading books about money
10
What is the definition of Self-Worth?
Measures own value by how much money one has
Feels nervous about money
Feels nervous about money
Loves to hold and save money
11
What is the definition of frugal?
Loves to spend money on whatever will make them happy
Wants to make things happen
Measures own value by how much one has
Loves to hold and save money
12
Nick spent his money on an iPhone. Alex saves her money. Which is more financially responsible?
Nick
Alex
13
What is the definition of indifference?
Believes that money is security
Wants to make things happen
Avoids materialistic things
Rather spend time on things such as hobbies, sports, outdoors

Attitudes about money/Financial Literacy Flashcards | StudBud