Personal Financial Literacy

Braden receives $50 for raking leaves. Christina's mom gives her $10 to go to a movie. Emma finds $5 on the table in the library. Hudson's friend gives him $15 for his birthday. Which person has earned income?

• Hudson
• Emma
• Braden
• Christina

Tags

CCSS.4.OA.A.2

When you add money into an account this is called

• spending
• deposit
• wage
• withdrawal

Which would be good to use credit for?

• Lunch from Chick-fil-a
• Chips
• A house
• A movie

What do you call the fee added to money you borrow?

• Savings
• Income
• Interest
• Bank account

Tags

CCSS.7.RP.A.3

When you have income, you have spending decisions.  What are the different types of spending?

• spend, save or donate
• income, wage or labor
• save, credit or interest
• spend, save or interest

Bob has a good car that is paid for but wants to buy a faster one.  He has a new job and no money in savings.  He also struggles to pay his bills every month.  Is this a safe or risky spending choice?

• Safe
• Risky

Sally saves $25 a week for 5 weeks.  How much money will she have after saving for 5 weeks?

• $100
• $125
• $75
• $175

Tags

CCSS.3.OA.A.3

What is the relationship between human capital and income?

• The more human capital a person has, the more money they will make.
• The less human capital a person has, the more money they will make.

What is NOT an example of something to save up for?

• Car
• House
• College
• Food

Which of these are a risk of using credit?

• You may have a hard time paying the money back.
• You pay a late fee if you do not pay on time.
• You pay more than you borrowed because of interest.
• These are ALL risks of using credit.