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Personal Finances Summer 2025 Flashcards | StudBud
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Personal Finances Summer 2025
What is a long-term saving goal?
Which of these is MOST likely a scam?
Personal Finances Summer 2025
25 terms
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StudBud Administration
HIS Summer 2025 Course
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
Which of these is MOST likely a scam?
An email from your teacher
A message from your bank app
A text from your parent
A surprise email from someone you don’t know
2
What is a long-term saving goal?
A goal you already reached
Buying lunch this week
Getting candy at the store
A goal that will take time to achieve
3
Which of these could go in a monthly budget?
TV commercials
Your birthday wish list
Concert Tickets
Your income
4
What is an emergency fund?
Money you lend to friends
Money for bills you forgot
Money for vacations
Money set aside for unexpected expenses
5
You get an email saying you won $10,000. It asks for your bank info. What should you do?
Call the police right away
Text the link to your friends
Ignore it and delete the email
Send your info quickly
6
What personal info should you NEVER share online?
Your dog’s name
Your favorite color
Your birthday party theme
Your bank password
7
Which of these is an example of investing?
Saving in a piggy bank
Spending money at a theme park
Buying a video game
Putting money into a stock or mutual fund
8
What is income?
Money you spend
Money you earn
Money you owe
Money you borrow
9
Which of these is a sign of a scam?
A text from your teacher
An email with typos and urgency
A call from your mom
An ad on your favorite website
10
What happens if you spend more than you earn?
You build savings
You get a paycheck bonus
You go into debt
You increase your credit score
11
Where is the safest place to save money?
Under your mattress
Have your friend hold it
In a savings account at a bank
In your lunchbox
12
What is interest on a credit card?
A fee you earn
A reward for saving
Money you donate
Money charged for borrowing
13
What is a risk of using a credit card?
You always earn money
You might overspend and owe interest
You lose all your savings
Your job pays you less
14
Why is tracking your spending important?
To find out how much you can borrow
To help manage your money and budget
To know when to shop
To avoid paying taxes
15
What is an expense?
Money you spend
Money you give away
Money you find
Money you invest
16
Which card builds your credit score?
Gift Card
Debit Card
Credit Card
Library Card
17
Why is financial literacy important?
To help you make smart money decisions
To avoid school
To get rich quick
To win money games
18
What is compound interest?
Interest that grows on both your money and previous interest
A fee for using a debit card
A charge from the IRS
Interest that never changes
19
Which card pulls money directly from your bank account?
Credit Card
Debit Card
Business Card
Gift Card
20
Which is the BEST reason to save money?
It helps you save before spending
You get more money from others
You avoid taxes
It makes your friends happy
21
What is a budget?
A loan from the bank
A savings account
A plan for how to spend and save money
A way to make money fast
22
Which is TRUE about a credit card?
It's like a loan you pay later
It charges you less for everything
It takes money only from savings
You never pay it back
23
Which of these is a fixed expense?
Electric Bill
Groceries
Rent
Movie Tickets
24
Why is it good to "pay yourself first"?
It makes your friends happy
You get more money from others
You avoid taxes
It helps you save before spending
25
What is a phishing scam?
A legal investment site
A trick to catch real fish
An ad for good deals
A scam where someone tries to steal your personal info online
