Essential Personal Finance Lessons Beyond School
Interactive Video
•
Mathematics
•
6th - 10th Grade
•
Practice Problem
•
Easy
+3
Standards-aligned
Liam Anderson
Used 5+ times
FREE Resource
Standards-aligned
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might it be unrealistic to save up 20% of a home's value for a down payment?
Because mortgage rates are too high.
Because home prices are decreasing.
Because wage levels have remained stagnant while real estate prices have increased.
Because it's better to rent than to buy.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a more realistic savings percentage for most people with a regular paycheck?
10%
15%
50%
25-40%
Tags
CCSS.6.RP.A.3C
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the recommended amount to have in an emergency fund?
Twelve months of expenses
Six months of expenses
Three months of expenses
One month of expenses
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is tactical budgeting?
Tracking every single penny you use.
Only budgeting for necessities.
Creating budgets and plans over a long period of time.
Spending without a budget.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main advantage young people have when it comes to investing?
Higher salaries
More investment options
Time
Lower taxes
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to get a credit card?
To build your credit score
To get rewards points
To spend more money
To avoid paying in cash
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of insurance should you get if someone depends on you financially?
Health insurance
Car insurance
Life insurance
Home insurance
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