Financial Literacy and Savings Strategies

Financial Literacy and Savings Strategies

Assessment

Interactive Video

Business, Life Skills, Education

9th - 12th Grade

Hard

Created by

Ethan Morris

FREE Resource

The video discusses the importance of saving money, highlighting challenges people face and offering practical tips. It emphasizes the need for an emergency fund, suggests tracking expenses, and provides advice on short-term savings and investments. The video also covers how to effectively ask for a raise and concludes with additional resources for financial tips.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of National Savings Day?

Promoting financial literacy and saving

Encouraging people to spend more

Highlighting investment opportunities

Celebrating economic growth

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the biggest challenges people face when trying to save money?

Choosing the right investment

Finding a bank

Understanding interest rates

Getting started with saving

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the recommended amount of emergency savings one should have?

A year's worth of salary

Three to six months of living expenses

No specific amount

One month of living expenses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an I Bond?

A government bond linked to interest rates

A type of stock

A corporate bond

A savings account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a simple method to track spending and identify savings opportunities?

Keeping a spending journal

Opening multiple bank accounts

Using a credit card

Investing in stocks

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much can you save annually by bringing lunch to work three days a week?

$1200

$500

$2400

$3600

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you do if you feel you're doing everything to save but still struggle financially?

Take a vacation

Switch jobs immediately

Ignore the problem

Ask for a raise

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