Everfi - Vault Module #1

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

• Buying things you want is more fun

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

• Only adults can spend on wants

People can be responsible with their money by spending all their money at one time

• True

• False

It's okay to give your social security number and email password to anyone who looks important.

• True

• 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

• a basketball

• nutritious food

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

• A warm jacket

• transportation

• an iPhone

Why is it helpful to hear about adults' experiences and advice about money?

• They can help us decide how to spend and save your own money.

• You might get ideas of new things to buy

• They can help you work on your math skills

How can young people be responsible with their money?

• Track their spending

• Save their money

• Set long and short-term money goals

• None of the above

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

• Opening a saving account

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

• Getting $10 from your family for your birthday

Which of the following is a good place to get information about money

• A bank

• Parents

• A restaurant