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Fun with Finances: Financial Literacy Quiz! Flashcards | StudBud
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Fun with Finances: Financial Literacy Quiz!
Fun with Finances: Financial Literacy Quiz!
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Flashcards
9 cards
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Questions
9
Answers
1
What is a budget?
A budget is a waste of time
A budget is a list of things you want to buy
A budget is a plan for how you will spend your money
A budget is a way to show off how much money you have
2
How can you create a simple budget?
Spend it all right away
Divide it equally between saving and spending
Write down how much you want to save and spend, and stick to it
Let someone else decide how you spend it
3
Why is it important to save money?
It is not important to save money
To have more than others
To be prepared for emergencies
To show off to friends
4
How can you make smart spending choices?
Buying the first thing you see
Buying everything you want
Asking others to help you decide
Thinking about your needs and wants before making a purchase
5
What is the main purpose of money?
To buy games and toys
All of the above
To save for the future
To treat my friends to McDonald's
6
What is the difference between needs and wants?
Needs are things you want a lot, wants are things you need a lot
Needs are for adults, wants are for kids
Needs are expensive, wants are cheap
Needs are necessary for survival and wants are optional
7
What are some ways to keep money safe?
Spending it all at once
Keeping it in a piggy bank or savings account
Hiding it under the pillow
Asking a friend to keep it safe
8
Saving is for adults, spending is for kids
True
False
9
What are some budgeting goals you can set for yourself? (No right or wrong answers)
Giving all your money to charity
Saving money for a game or toy you want
Going on a trip around the world
Eating candy every day
