Personal Finance and Money Management

What does a fixed rate loan mean?

• The interest rate changes every month

• The interest rate stays the same throughout the term of the loan

• The loan amount increases over time

• The loan is paid off immediately

Tags

CCSS.7.RP.A.3

What is your gross income?

• Your income after taxes

• Your income before taxes and other deductions are taken out

• Your income from investments only

• Your income from gifts

What is an investment?

• Something you spend money on for fun

• Something you put your money into that makes money

• Something you borrow from a friend

• Something you use for daily expenses

If you only want to spend the money you have in your bank account, which card should you use?

• Credit

• Debit

• Gift

• Prepaid

Which of the following is an example of a good investment?

• Spending all your money on clothes

• A diversified portfolio of stocks and bonds

• Keeping money under your mattress

• Buying only one type of stock

What should you check before buying a house?

• The color of the walls

• Its location, condition, price, and the neighborhood's safety and amenities

• The number of windows

• The type of flooring

Why is it important to compare prices before buying something?

• To spend more money

• To find the best deal and save money

• To buy the most expensive item

• To avoid making a decision

What is a profit?

• A financial loss

• A financial gain

• A type of loan

• A tax payment

Tags

CCSS.7.EE.B.3

Which card allows you to only spend the money you have in your bank account?

• Credit card

• Debit card

• Store card

• Gift card

What is the main purpose of an emergency fund?

• To buy luxury items

• To save for retirement

• To set money aside for unexpected expenses

• To pay regular bills