Understanding Personal Finance Basics

Understanding Personal Finance Basics

Assessment

Flashcard

Social Studies

7th Grade

Easy

DOK Level 1: Recall, DOK Level 2: Skill/Concept

Standards-aligned

Created by

Nancy Kuse

Used 3+ times

FREE Resource

Student preview

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10 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Budget

Back

Plan for spending and saving money

Tags

DOK Level 1: Recall

2.

FLASHCARD QUESTION

Front

Importance of a budget for a trip

Back

Manage money and reach travel goals

Tags

DOK Level 2: Skill/Concept

3.

FLASHCARD QUESTION

Front

Income

Back

Money earned from work or other sources

Tags

DOK Level 1: Recall

4.

FLASHCARD QUESTION

Front

Monthly budget expense

Back

Rent payment

Tags

DOK Level 1: Recall

5.

FLASHCARD QUESTION

Front

Short-term financial goals

Back

Achievable within 3 months to a year

Tags

DOK Level 1: Recall

6.

FLASHCARD QUESTION

Front

Long-term goals vs Short-term goals

Back

Long-term goals require more planning and time

Tags

DOK Level 2: Skill/Concept

7.

FLASHCARD QUESTION

Front

Pay Yourself First

Back

Save a portion of income before other expenses

Tags

DOK Level 2: Skill/Concept

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