EVERFI: Smart Money Habits
Authored by Samantha Isaacs
Other
11th Grade
Used 12+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
About
This quiz focuses on personal financial literacy and money management strategies, specifically covering the fundamental concepts of budgeting, needs versus wants, and emergency expenses. The content is appropriate for 11th-grade students who are developing essential life skills for financial independence. Students need to understand the distinction between necessities and discretionary spending, recognize different budgeting methods like the 50-30-20 rule and envelope method, and identify what constitutes a true emergency expense. The questions assess students' ability to categorize expenses appropriately, match budgeting strategies to specific situations, and apply practical financial decision-making skills that will serve them as they transition to adulthood and independent living. Created by Samantha Isaacs, a teacher in the US who teaches grade 11. This quiz serves as an excellent tool for introducing or reinforcing smart money habits in a high school personal finance curriculum. Teachers can use it as a formative assessment to gauge student understanding after lessons on budgeting strategies, as a warm-up activity to activate prior knowledge before diving deeper into financial planning concepts, or as homework to reinforce classroom learning. The practical scenarios presented in each question help students connect theoretical budgeting concepts to real-world applications they will encounter in their own lives. This assessment aligns with standards such as CCSS.Math.Content.HSA-CED.A.3 for representing real-world problems mathematically and various state personal finance education standards that emphasize budgeting, distinguishing between needs and wants, and emergency preparedness.
Content View
Student View
6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Alida works from home. Which item is a want from her?
Cell phone
Internet
Groceries
Streaming Service
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jasmine just received her paycheck. To manage her money, she categorizes her spending by needs, wants, savings, and debt. What money management strategy is Jasmine following?
The envelope method
50-30-20 rule
Managing money
Pay yourself first
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is money divided using the 50-30-20 Method?
Needs, wants, savings
Needs, stocks, bonds
Savings, expenses, emergencies
Wants, needs, retirement
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Dominic has four unexpected expenses, including a broken TV, increased insurance costs, a broken-down car, and a hole in a shoe. Which of these expenses would be considered an emergency?
Television
Insurance
Car repairs
New shoes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which list describes needs?
Shelter, warmth, food
Warmth, entertainment, shelter
Entertainment, electronics, food
Electronics, food, shelter
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tarik works in a restaurant and gets paid in cash. He's used to dealing in cash, but he needs a system to help him physically divide his cash each month. What money management strategy should Tarik use?
50-30-20 Method
Envelope Method
Investing in stocks
Avoiding debt
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
