Money 101 for Middle School Students - Module 1 Video Questions

What is money mainly used for?

• To play games

• To buy things

• To save time

• To make friends

Where do people usually keep their money safe?

• In a drawer

• In a piggy bank

• In a bank

• Under a mattress

What does an electronic payment use?

• Coins

• Checks

• Smartphones

• Piggy banks

What is a bill?

• A type of money

• Something you have to pay

• A way to earn money

• A kind of bank

What happens to your money when you leave it in the bank?

• It disappears

• It grows with interest

• It is spent

• It gets lost

What is interest?

• Money you earn for spending

• Money you lose in the bank

• Money the bank pays you for saving

• Money you borrow

What is the main purpose of budgeting?

• To spend more money

• To track spending and manage money

• To borrow money

• To avoid saving

What is advised to do with some of your income?

• Spend it all

• Save some as a safety net

• Give it away immediately

• Hide it under your mattress

According to the video, what percentage of your income is suggested to save?

• 10%

• 20%

• 50%

• 70%

What can you do with the money saved?

• Only spend it

• Save, invest, donate, or use for fun