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Why Money Matters Flashcards | StudBud

Explore/Why Money Matters

what is one reason to set financial goals?

what is a "need" vs a "want"?

Why Money Matters

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Questions 10

Answers

1
what is a "need" vs a "want"?
a want is an essential for survival
a need is something necessary, a want is extra
they are the same thing
a need is always more expensive
2
what is one reason to set financial goals?
to have a reason to complain
to waste time
to avoid saving
to make a clear plan for your money
3
why is credit important?
it's not important
to spend without limits
to take free money
to help build financial reputation
4
Does Money Matter?
True
False
5
what does it mean to invest money?
to buy something you can't afford
to save it in a piggy bank
to put money into something that may grow overtime
to waste money
6
what is one benefit of having an emergency fund?
you have more money to spend
you earn more income
it helps cover unexpected costs
it increases your credit score
7
what does "saving" mean?
spending money on clothes
using all your money now
hiding money in your room
putting money aside for future use
8
Why is it important to learn about money?
to make smart financial decisions
so you can show off
to avoid taxes
so you can gamble better
9
what is interest?
none of the above
the money you get from a job
a way to buy things
a fee you pay to use money or a reward you earn for saving
10
what is financial literacy?
memorizing prices
reading about money
understanding how to manage money wisely
knowing stock tickers