PF: F.A. 3.1 - 3.6

Samuel, Arjun, and Evelyn are discussing the benefits of saving money. They all agree on several benefits, but one of them is NOT a benefit of saving. Which one is it?

• Having money in a savings account enables them to prepare for large purchases, like a car or a house

• Having money in a savings account offsets the impact of changes in their income, like job loss or reduced hours

• Having money in a savings account cushions them when faced with unexpected expenses, like medical bills or car repairs

• Having money in a savings account is more accessible than in a checking account

Tags

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

Evelyn, Abigail, and Mia are discussing their financial plans. They want to know, as a rule of thumb, how much do experts recommend saving in an emergency fund?

• 1 month of expenses

• 3-6 months of expenses

• 6-8 months of expenses

• 1 year of expenses

Tags

CCSS.HSN.Q.A.1

John has $1200 in his savings account and starts saving $115 per month. He wants to meet his savings goal of $3500. How long will it take him to reach his goal?

• 10 months

• 20 months

• 30 months

• 40 months

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

Mason recently started working and finds himself living paycheck-to-paycheck. What does this mean?

• Mason uses his entire paycheck to cover monthly expenses and has very little money saved

• Mason's income varies month-to-month and he saves a large portion of his biggest paychecks

• Mason uses direct deposit, so his paycheck is automatically split between his checking and savings accounts

• Mason has a high-paying job, so he doesn’t have to worry about how much is in each paycheck

Tags

CCSS.RI.11-12.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RL.11-12.4

CCSS.RL.9-10.4

Over the last twenty years, Luna, Sophia, and Mason have been observing the economic trends. They noticed some changes in wages compared to the costs of housing, healthcare, and education. What did they find?

• They found that wages have increased at a slower rate than those costs

• They found that wages have increased at the same rate as those costs

• They found that wages have increased at a faster rate than those costs

• They found that wages have decreased as those costs have increased

Tags

CCSS.RI. 9-10.2

CCSS.RI.11-12.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.9-10.2

Evelyn, Maya, and Benjamin conducted a survey in their neighborhood. The majority of their American neighbors...

• Have an adequate emergency fund and have enough saved for retirement

• Have an adequate emergency fund but do NOT have enough saved for retirement

• Do NOT have an adequate emergency fund but have enough saved for retirement

• Do NOT have an adequate emergency fund and do NOT have enough saved for retirement

Tags

CCSS.HSS.IC.A.1

CCSS.HSS.IC.B.4

CCSS.HSS.IC.B.3

Your friend Emma is struggling to save money and often finds herself over-spending on impulsive online purchases. All of the following are effective strategies to reduce her online spending, EXCEPT...

• Unsubscribe from the sales and marketing emails that prompt her to start online shopping.
• Identify the cues that start her online shopping and create a new routine and reward that don’t involve spending money.
• Find ways to gamify her online shopping and share her purchases on social media.
• Set aside cash for her monthly shopping budget. Each time she makes a purchase, she pays with cash or removes that amount of cash from the budget.

It can be challenging for many low-income Americans to save money. All of the following are reasons why, EXCEPT....

• Expenses have risen faster than wages in the last 20 years
• Average expenses exceed income for low-income Americans
• Living paycheck-to-paycheck is expensive because it results in additional fees
• Building an emergency fund takes two months of consistent savings

Tags

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

Liam, Maya, and Noah are discussing their financial situations. They wonder how many Americans can cover an unexpected $1000 expense from their savings. Approximately what percentage of Americans are able to do so?

• 20%

• 40%

• 60%

• 80%

Tags

CCSS.HSS.IC.A.1

CCSS.HSS.IC.B.4

Match the following graphs to the systems of equations

• 
• 
• 

Tags

CCSS.8.EE.C.8B