Personal Financial Literacy

What helps you save money regularly so you can reach your goals? 

• Human Capital 
• Credit 
• Savings Plan 
• Salary 

What is paying for something with money that you borrow and must pay back, usually with interest? 

• Income
• Credit
• Interest 
• Lend 

Interest is:

• A charge for lending money to a bank

• The extra amount you owe for borrowing money

• a charge for the convenience of accessing money stored in your bank account

Tags

CCSS.7.RP.A.3

A plan for using money is called a ___________

• loan

• savings

• income

• budget

It is a good idea to save money.

• True

• False

Tags

CCSS.RI.2.9

CCSS.RI.4.8

CCSS.RI.5.8

CCSS.RL.1.5

CCSS.RL.4.5

What is credit?

• A fee you have to pay

• Free money

• Money you can borrow from the bank

The money you earn is called

• expenses

• donations

• income

• savings

Tags

CCSS.RF.2.4

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

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

Tags

CCSS.6.RP.A.3B

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.RL.1.3

CCSS.RL.2.3

CCSS.RL.3.3

CCSS.RL.4.3

CCSS.RL.5.3

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.1.OA.A.1