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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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Flashcards
12 cards
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Questions
12
Answers
1
Why is Financial Literacy Important?
So you can spend money on wants and not needs.
Financial literacy is to manage your money & make financial decisions
Better understanding how to budget and save money
Financial literacy can help individuals reach their goals
2
Who is YOUR FAVORITE TEACHER!?
EDEN
KAEDEN
3
Where should I invest?
Savings Account
A Safe at Home
Meme Coins
Checkings Account
4
A credit score is like a grade that shows how well you handle your money and debts.
True
False
5
A credit card has something to do with investing.
True
False
6
Financial literacy is the possession of skills, knowledge,& behaviors that allow an individual to make decision
False
True
7
Financial Literacy? Select all that apply. (WRONG ANSWERS ONLY!)
LIMITED knowledge about investing and retirement planning
LACK of budgeting skills or failure to track expenses
Saving
Budgeting
8
Investing is managing your money for things such as a recurring payment, a big payment, and potential emergencies.
True
False
9
How do I get started?
Start a savings account and put a percentage of each paycheck into it.
Going to the casino and gambling away your child's college funds.
Stealing money from your parents
Buying new Louis Vuitton clothes and selling them for cheaper.
10
Identify needs.
Food
Bed
Candy
Money
11
What is financial literacy?
Skills within the 21st-century skills framework,
Lacking the knowledge and skills to make informed financial decisions
Financial literacy is to understand and use various financial skills
Financial Literacy is the ability to use and save money
12
Do you need a job for investing?
True
False
