Financial Literacy

Which is a sound way to keep track of your spending?

• Get a credit Card

• Create a budget

• Save money

• Give to Charity

What is the term for the extra money banks and credit card companies charge when they loan you money?

• taxes

• interest

• budget

• debit

What does the marshmallow experiment prove?

• kids are impatient

• delayed gratification pays off

• marshmallows are too tempting

• cognitive abilities in children can vary

Who makes more money in an investment scenario?

• the guy who starts early

• the girl with the most years

• the guy who establishes credit

• the girl with the bigger salary

Which is not a good idea for a young person?

• Starting a savings account at the bank

• Buying a new car

• Having a debit card

• Renting

According to Mrs. Knobel and Dave Ramsey, which is a good idea?

• paying cash

• buying a house as soon as possible

• getting a credit card

• hosting a party

Which can help your budget?

• having a roommate

• buying designer jeans

• having a debit card

• having a credit card

If you are trying save, you should try to pay for ____ only.

• wishes

• needs

• wants

• hopes

When you are starting out, you should...

• buy a car that doesn't run

• buy a reliable but cheap car

• buy a newer car with lot of options

• buy a new car

What do want to work in your favor, instead of against you?

• currency

• money

• interest

• debits