If you use a credit card, you should

pay the balance in full every month

should be included in your monthly budget

What are the two main reasons to save money?

for emergencies and major purchases

One common factor of most financially successful people is that they...

worked part-time when they were teenagers

What are three main things you have to pay for every month when you have a car?

car payment, gas, and insurance

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Money, Money, Money, Money!

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A financial literacy quiz for teens.

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Questions 16

Answers

1
Automobile costs and ______ are the two most common financial disasters for young people.
stingy parents
computer viruses
credit card debt
food costs
2
One major problem with using credit cards is that people
buy things they can't afford
have to pay to use them
lose them a lot
forget to use them
3
A ____ is a plan for how you will spend your money.
budget
paycheck
account
credit card
4
If you use a credit card, you should
buy everything you've always wanted
never pay the bill
pay the minimum payment every month
pay the balance in full every month
5
When paying taxes in the U.S., the more money you make,
the more taxes you pay
the less taxes you pay
the more you hate paying taxes
everyone pays the same amount in taxes
6
People who do not understand the difference between ___ usually have financial problems.
buying and renting
food and shelter
taxes and insurance
needs and wants
7
Health insurance
is more important for women than for men
is an unnecessary expense because you may not need it
should be included in your monthly budget
is only for sick people
8
What are the two main reasons to save money?
for emergencies and major purchases
for emergencies and to buy all the things you want
to invest and donate
to pay off your credit card and for major purchases
9
One common factor of most financially successful people is that they...
always keep $500 in their pocket
started a business early in life
quit school before they were 18
worked part-time when they were teenagers
10
How can you make money while you sleep?
donate your money
dream about money
invest your money
leave money under your pillow for the tooth fairy
11
The average Social Security payment a person receives today per month is
less than $1000
over $5000
more money than the person earned each month when working
more than enough to cover monthly expenses
12
You won't be able to move out if you have
protective parents
pets
too many friends
bad credit
13
An average career will last approximately how many hours if you work for 43 years?
1 million hours
8600 hours
860 hours
86,000 hours
14
Which item depreciates when you own it?
gold
a car
all of the above
a house
15
Why should you buy renter's insurance?
all of the above
in case of a flood
in case of a fire
in case you get robbed
16
What are three main things you have to pay for every month when you have a car?
car payment, gas, and insurance
gas, insurance, and oil changes
insurance, car payment, and car washes
car payment, gas, and tires

Money, Money, Money, Money! Flashcards | StudBud