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Personal Financial Literacy Flashcards | StudBud
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Personal Financial Literacy
Personal Financial Literacy
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Flashcards
21 cards
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Questions
21
Answers
1
Dylan sold $48 at his lemonade stand. He spent $16 on supplies. How much was his total profit?
$34
$48
$32
$16
2
Which of these is a variable expense?
Rent
Car Insurance
Internet Bill
Concert Tickets
3
Nick earned $20. He spent $6 on lunch and $8 on a movie. How much did he have left?
$5
$8
$6
$7
4
The amount of money made after all the expenses are paid is called ______________.
income
expenses
profit
budget
5
A place that helps us safely store, organize, and manage our money is called a _______________.
money plant
financial institution
currency shop
grocery store
6
Which of these is a fixed expense?
Rent
Money for Movie Tickets
Groceries
Gas for a Road Trip
7
Natalie earned $133 dollars in 7 weeks. How much did she earn each week?
$19
$17
$18
$16
8
________ is the amount of money you earn every month by doing a job or receiving allowance.
payments
expenses
income
budget
9
______________ are expenses that stay the same every month and do not change.
variable expenses
fixed expenses
payments
income
10
Wyatt wants to save $400. If he earns $10 a week, how many weeks will it take him to save $400?
40
4
400
44
11
Money put aside to use at a later time is called _____________.
sharing
spending
giving
saving
12
Gabi has $30. She spends $18.50, shares $5.25, and saves the rest. How much does Gabi save?
$7.25
$6.75
$7.50
$6.25
13
McKayla paid $12.83 for lunch. She paid with a $20 bill. How much change did she receive?
$7.27
$7.17
$8.17
$8.13
14
Kylie has $75. She saves $23, shares $15, and spends the rest. How much did Kylie spend?
$39
$38
$47
$37
15
Anthony spent $37, shared $13.25, and saved $19.75. How much money did Anthony have to start?
$69
$60
$71
$70
16
Anthony spent $37, shared $13.25, and saved $19.75. How much money did Anthony have to start?
$71
$60
$69
$70
17
Zoe bought new clothes for $17.75 and paid with a 20 dollar bill. How much change did she get?
$3.50
$2.75
$2.25
$3.25
18
Money paid to buy the things you need and want is called ___________.
sharing
saving
spending
giving
19
A
financial plan
that helps you determine how to save and spend your money is called a _______.
bank
plan
budget
expense
20
______________ are expenses that change from month to month and do not stay the same.
payments
income
fixed expenses
variable expenses
21
David earns $8 per week. He wants to buy a bike for $128. How many weeks will he need to save?
16 weeks
13 weeks
14 weeks
18 weeks