One reason people should save money is to create an "emergency fund." Which of these is an example of an unexpected expense you might use an emergency fund to pay for?
Saving-MS

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6th Grade
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6 months of cable TV
A new cell phone if yours is stolen on the bus
Valentine's Day gifts for friends and family
Your back-to-school clothes and supplies
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean to "pay yourself first"?
On payday, take some money out to reward yourself with some fun spending
Save money when you are young so you can spend more money when you are older
Any time you get paid, set aside some portion to save before you do any spending
Spend money on yourself first, then your immediate family, then friends or other relatives
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
TJ is in 7th grade right now and cuts grass for neighbors to earn money. He wants to set one short-term savings goal and one long-term savings goal. Which answer best matches those goals?
Short-term = a pack of gum // long-term = 3 packs of gum
Short-term = a car // long-term = a nicer car
Short-term = expensive new sneakers // long-term = a car
Short-term = birthday present for his mom // long-term = a trip to the movies
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
TJ typically cuts 5 lawns per month and earns $20 per lawn. He spends money throughout the month on things like snacks, tickets to high school football and basketball games, and new video games. Somehow, he ends every month with only a few dollars left. Which behavior change is MOST likely to help TJ save more money?
Spend less time cutting grass and more time saving money
Ask his parents for an allowance and try to save that money instead
Before he spends, set aside $5 to save out of every $20 payment
Spend money on a better lawnmower so he can cut more grass
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ro's school offers an overnight trip to Washington DC for all 9th grade US history students. Even though the trip is 20 months in the future, she knows she wants to attend and that she should start saving now. If the trip costs $500 total, how much does she need to save per month to have enough?
$20 per month
$25 per month
$30 per month
$35 per month
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Diamond makes $200 per month by babysitting her neighbor's son after school. She wants to buy her dad something really special for Father's Day next year, and the holiday is 10 months away. Which strategy will work best to make sure she has enough saved by then?
Figure out how much she'd like to spend, and then divide the cost by 10 so she knows how much to save each month
Save all $200 every month until Father's Day without spending anything on herself
Don't worry about saving until closer to Father's Day -- she'll figure something out
Spend her money freely, but any time she has spare cash at the end of a month, put it in savings
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement best describes what it means if your bank is "FDIC insured?"
Bank customers can buy car or health insurance at their bank
If you lose your wallet and the cash inside is missing, your bank will pay to replace it up to a certain amount
If you have money in your checking or savings account and the bank goes out of business, you are guaranteed to get your money back up to a certain limit
If a bank customer gets hurt while inside the bank, the customer can sue the bank and their FDIC insurance will cover the costs
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