Money Management Assessment
Authored by Tory Williams
Life Skills
8th Grade
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15 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
The length of time a 'long-term' goal is set for:
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
The length of time a 'short-term' goal is set for:
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
The length of time an 'intermediate-term' goal is set for:
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
Making a goal and following it through is best done through setting a SMARI goal. What does each letter of SMART stands for regarding goal setting?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
What is wrong with the following SMART goals? WHAT SMART section is missing? Goal #1: To buy a used 2006 Toyota Camry next June. (This goal doesn't tell what?) Goal #2: To save $200.00 for a shopping trip. (This goal doesn't tell what?)
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6.
OPEN ENDED QUESTION
3 mins • 1 pt
Regarding spending plans (budgets), explain the difference between fixed and flexible expenses and give an example of each.
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7.
OPEN ENDED QUESTION
3 mins • 1 pt
List 2 types of income that could be included in a budget. Fixed:
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