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10 Habits That Quietly Build Wealth

Authored by Timothy Sinclair

Life Skills

12th Grade

CCSS covered

Used 1+ times

10 Habits That Quietly Build Wealth
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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does “pay yourself first” mean?

Spend all your money before saving

Save money before spending

Pay your bills late

Spend money on fun first

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.3

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Living below your means means:

Spending more than you earn

Saving money and spending less than you make

Using credit cards often

Buying expensive things

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RL.9-10.2

CCSS.RL.7.2

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is an example of avoiding debt?

Borrowing money every week

Paying bills late

Using only cash for purchases

Ignoring bills

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is tracking your spending helpful?

It helps you spend more

You can see where your money goes

It makes you rich quickly

It wastes time

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean to invest early?

Start saving for retirement late in life

Wait until you’re rich to invest

Begin putting small amounts into savings or investments as early as possible

Spend money quickly

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RL.9-10.2

CCSS.RL.7.2

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A budget helps you:

Buy more stuff

Win the lottery

Plan how to use your money wisely

Spend without thinking

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is an emergency fund important?

To buy things on sale

To pay for vacations

To cover unexpected expenses

To pay friends

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.5

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