Doesn't make large purchases unless s/he has the money.

If I run out of printed checks, I should

order them from an online vendor

Which of the following factors do NOT influence our money values and beliefs.

Our ability to calculate costs.

1. If you received an unexpected $5000 in cah, would you

save most of it in a savings account

When you check the change in your pocket you see you have a lot of pennies.

Save them in a jar then put them in your savings account.

When my checks are gone,

My money is still there. I can use my debit card to get $.

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Financial Literacy and Money Personalities

21 termsStudBud Administration693 plays

Define #financial literacy and identify #money #personalities

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Questions 21

Answers

1
These people purchase a large amount of an item to get it cheaper, but don't use it all.
biz kid
oblivious
money star
penny wise pound foolish
2
The Biz Kid
Only takes one vacation per year.
Doesn't make large purchases unless s/he has the money.
Uses coupons and discounts for all purchases.
Donates to charity each month.
3
I have $5 in my pocket. If I buy a burger at McDonalds, I don't have the money to buy a Latte.
This is a shame
This is real life
This is opportunity cost
This is a trade off
4
I don't know or care how much I spend.
life styles of the rich and famous
clueless
penny wise pound foolish
oblivious
5
Look at my designer shoes and bag. I am . . .
a biz kid
penny wise pound foolish
oblivious
a money star
6
You need some new school clothes but have a limited budget.
A. Shop a thrift store and get tons of pieces
C. Shop at stores like TJ Max and Marshalls.
D. All of these
B. Compare brands for the best value for your budget
7
If I run out of printed checks, I should
not need to order more
order them from an online vendor
just use my debit card
order more from the bank
8
Which of the following factors do NOT influence our money values and beliefs.
our own life situation
our individual personalities
Our ability to calculate costs.
the adults we learn from as we grow up
9
1. At the center of our spending/saving habits are
beliefs and values
the desire to be accepted
the influence of TV and other media
the need to separate needs and wants
10
If I pay the minimum payment each month on my credit card balance . . .
I will pay lots of interest on my balance.
I am not making the best financial choices.
The cost of the stuff I buy will go up.
all of these
11
Buy one get one free shampoo deal. I never use one of the bottles. I am
confused
oblivious
money star
Penny wise pound foolish
12
I dress to impress.
biz kid
money star
penny wise pound foolish
oblivious
13
Financial literacy includes:
all of these
thinking about spending choices
making a financial plan
balancing your checkbook
14
Who knows or cares how much I spend, save, or have!!!
thrifty
forgetful
oblivious
clueless
15
1. If you received an unexpected $5000 in cah, would you
keep it under your mattress
pay off debts and buy a new outfit
spend your money on a shopping spree
save most of it in a savings account
16
When you check the change in your pocket you see you have a lot of pennies.
Give them to a friend.
Save them in a jar then put them in your savings account.
Throw them away because they are worth very little
Make sure you spend them the next chance you get
17
The best way to manage money is to learn how to manage...
retailers
your money
you
wholesalers
18
You lend me money and I "forget" to pay you back. I am
a biz kid
a space cadette
a money star
oblivious
19
A financial plan that covers my plans for the future.
planner
concept map
planning course
budget
20
It is best to be
In control of my finances
A person who puts all their money in a purse
carefree with money
An overspender, every now and then
21
When my checks are gone,
There is nothing I can do.
My money is still there. I can use my debit card to get $.
I can't get my money out of my account!
My money is gone.

Financial Literacy and Money Personalities Flashcards | StudBud