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Financial Literacy 8th Grade Flashcards | StudBud
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Financial Literacy 8th Grade
long term goal
which would NOT fall under the utilities category?
Financial Literacy 8th Grade
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8th grade financial literacy
Flashcards
25 cards
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Questions
25
Answers
1
which would NOT fall under the utilities category?
phone bill
water bill
car payment
electricity bill
2
long term goal
five years or more
less than one year
more than one year
3
A brand new car is a need
true
false
4
something necessary or required for life
need
value
want
5
asking others for support is a good strategy when reaching a goal
false
true
6
Influenced by family, friends, teachers, etc
Need
Value
Want
7
How much of your budget should be personal/clothing?
7%
5%
10%
8%
8
when you pay with a debit card, where does the money come from?
from another company
from a checking account
from an investment account
from a lender
9
the minimum payment on a credit card must be paid every how often?
every month
every three months
every time you buy something
every 2 weeks
10
If you make a late payment on a credit card, you will be charged a late payment fee
true
false
11
what is 30% of $10,000
$300
$1,000
$3,300
$3,000
12
what is the price of money?
credit
loan
interest
debit
13
The S in SMART goals stands for strategic
true
false
14
What is the pay yourself first strategy?
spending all your money on yourself
setting aside money for savings first thing
buying things you want
15
May increase the quality of living or make a person happier
want
need
16
What does the A in SMART goals stand for?
Achievable
Accurate
Attainable
Accessable
17
How much of your budget should be for transportation?
30%
8%
15%
10%
18
If I have $3000 worth of expenses every month, how much should I have saved?
$6,000
$18,000
$3,000
$12,000
19
How much money should you set aside for savings?
30%
5%
10%
7%
20
what is 15% of $2,000?
$150
$300
$1,500
$200
21
what is 5% of $1,000
$50
$100
$5
$500
22
our values influence what we want
false
true
23
putting money into savings would be....
an educational goal
a financial goal
24
you should buy more than you can pay off on your credit card
false
true
25
helps an individual prepare for the workplace
educational goals
financial goals
SMART goals
relationship goals
