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Money, Money, Money! (Personal Finance) Flashcards | StudBud
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Money, Money, Money! (Personal Finance)
Money, Money, Money! (Personal Finance)
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A review quiz for personal finance & money management!
Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
When you budget money, sometimes you have to decide whether an expense is a need or a want.
False
True
2
Money received for doing a job is called...
service
money
tax
income
3
Joy earned $15 babysitting this weekend. What should she do with it?
She should donate, spend and save portions of her income.
She should save some and spend some to go to the movies.
She should put it all in her savings account.
4
You can never run out of money.
True
False
5
What is one reason why it would be a good idea to put aside some savings?
You can donate all of your savings.
You might have unexpected expenses.
You shouldn't ever save money.
6
A plan that determines how you spend, save and donate money is called a...
hope
savings plan
income
budget
7
Which of these is something you will NEED to spend money on in the future?
A fancy dinner
A vacation
Groceries
Brand new Converse shoes
8
A store has too much bottled water in stock. What will most likely happen?
They will RAISE the price of bottled water.
They will give away the water for free.
They will LOWER the price of bottled water.
The price of bottled water will stay the same.
9
Which is NOT true about a credit card?
You might be charged a little extra money, called interest.
They allow you to borrow money and pay it back over time.
You can buy whatever you want using a credit card.
It is your responsibility to pay the credit card company.
10
Which is NOT a way that a 3rd grader could make some income?
Walking the neighbor's dog
Starting a lemonade stand
Getting a full-time job
Having a bake sale
11
Which is an example of spending money?
Playing at Brushy Creek Park with friends
Giving money to a local food pantry
Buying a gift for a friend
12
Which of these would be a good reason to spend some of your savings?
All of the above
To buy something you've always wanted
To buy a car
To pay for college
