Money Management Tips for Teens

Money Management Tips for Teens

9th Grade

10 Qs

quiz-placeholder

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Money Management Tips for Teens

Money Management Tips for Teens

Assessment

Quiz

Fun

9th Grade

Practice Problem

Hard

Created by

Angie Kuehn

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way to spend money wisely?

Separate wants from needs

Buy everything you want

Spend money randomly

Ignore your needs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the benefit of starting to save money at a young age?

It can lead to a lifetime of healthy savings

It is a waste of time

It is not necessary to save money

It can lead to financial problems

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you do before listing fixed and variable expenses in your budget?

Set your savings goals

List your wants first

Ignore your income

Pay off credit card balances

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of tracking your expenses?

To compare them to your budget and make adjustments

To spend money impulsively

To ignore your spending habits

To increase your credit score

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why should you be careful with credit cards?

High interest rates can lead to debt

Credit cards are free money

Credit cards have no consequences

Credit cards improve your credit score

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way to be a smart shopper?

Compare prices online

Buy everything impulsively

Avoid making a grocery list

Never eat before shopping

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the benefit of getting a part-time job or starting a side business?

Increase income and gain valuable life experience

Decrease income and limit opportunities

Rely on others for financial support

Avoid responsibility and independence

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