VAULT: Module 1- Sections 1-5

The best way to achieve a short-term money goal is to:

• Create a savings plan and stick to it

• Spend all your money at once

• Throw away your piggy bank

Why is it important to spend money on things you need before spending money on things you want?

• Because buying things you want is more fun

• Because you can live without wants, but you can't live without needs.

• Because only adults can spend money on things they want.

True or False: It's okay to give your social security number and email password to anyone who asks for it.

• True

• False

True or False: Savings plans can be used to help people achieve short-term money goals.

• True

• False

Which of the following is an example of a need for most people?

• Nail polish

• Doritos

• A computer

• Fruits and vegetables

Which of the following is the best source of information on checking and savings accounts?

• Your cousin

• A bank

• The internet

Which would be an example of choosing to give up something in order to get something else?

• Opening a savings account

• Not going to the movies with your friends os you can buy a new pair of sunglasses

• Getting $10 from your family for your birthday.

How can young people be responsible with their money?

• Track their spending

• Save their money

• Set long-and short-term money goals

• All of the above