Personal Financial Literacy

Jan babysits for money. She is paid $7 each time. She saves all of the money she makes. If Jan wants to save $35, how many times does she need to babysit?

• 7 times

• 28 times

• 5 times

Tags

CCSS.5.NBT.B.6

Billy received $6 each week for him allowance. He saves $4 each week and only spends $2. How much money will Billy have saved in 5 weeks?

• $20

• $12

• $10

Tags

CCSS.5.NBT.B.7

Pam wants to buy a sticker book for $32. She saves $5 each week. Which statement is true?

• She will have enough money if she saves for 5 weeks

• She will have enough money if she saves for 7 weeks

• She will have enough money if she saves for 10 weeks

Tags

CCSS.5.NBT.B.7

Julia's dad received $1,140 on his paycheck. He wants to save his money. Which statement describes the best choice for saving money?

• Place the money in a bank account

• Use the money for a family vacation

• Go buy something he might be able to sell later

Shelly wants to buy some new shoes, but she doesn't have enough money saved. Which statement describes that best way for Shelly to save enough money to buy the shoes?

• Spend all of her allowance each week on toys and games

• Give her allowance to her brother so he can buy candy

• Save the money her mom gives her for doing her chores each week

Tags

CCSS.2.MD.C.8

CCSS.2.OA.A.1

Which statement describes what happens when you spend money?

• The amount of money you have decreases

• The amount of money you have increases

• The amount of money you have stays the same

Tags

CCSS.2.MD.C.8

CCSS.2.NBT.B.5

CCSS.2.NBT.B.7

CCSS.2.OA.A.1

Which statement does NOT describe a withdrawal from a bank account?

• Using $30 from your savings account to pay for a sweater

• Putting money from your paycheck into your checking account

• Getting money from your account using an ATM

Tags

CCSS.6.NS.C.5

Uncle Jeff is going to travel to visit his mom. He goes to the bank because he needs to take some cash with him. Which statement describes Uncle Jeff taking money out of his account at the bank?

• He is making a deposit

• He is making a withdrawal

• He is saving

Ben saved his money each week to buy his favorite game. He opened a savings account at the bank and each week he added the money he earned from doing his chores. Which statement describes Ben adding money into his account?

• He is making a deposit

• He is making a withdrawal

• He is spending

Which situation is an example of borrowing?

• Aunt Sally gives Tony an envelope with money for his birthday

• David and Jack puts their money together to buy a bike they will share

• Lisa asks her sister for money to buy a magazine and says she will pay her back later