WorksheetsPersonal Finance
Total questions: 15
Worksheet time: 9mins
When financial planning, what should you determine first?
earnings total
needs & goals
type of home you want
save money
When developing a savings plan, what should you remember?
wait until I'm older
pay myself first
pay off debt first
invest in high risk
A typical overdraft fee is how much?
$5
$25
$40
$60
If you DO NOT pay your credit card bill on time, what will happen?
nothing will happen
card will be cancelled
jail time
late fee
___________________ is when money is taken out of an account.
debit
credit
interest
deposit
_______________________ is the fee paid on a loan when borrowing money.
credit
debit
interest
charges
_____________________ is money that is borrowed.
balance
debit
credit
interest
Which account type allows you to earn interest?
checking account
credit card
mortgage
certificate of deposit
Which account type lets you spend your money easier?
savings account
checking account
certificate of deposit
mortgage
Which is NOT a good reason to have a credit card?
Credit scores help you get loans
Most people need credit
Credit cards offer bonus rewards
Credit is bad for you
Which is a payment type that is paid for upfront?
money order
balance
credit card
mortgage
Which of the following is NOT a reason for balancing your checkbook?
Not caring about your money
Avoid overdrafts
Know how much you can spend
No-hassle checking
Tor F = It is cheaper to cash a check at your bank than at a check-cashing store.
True
False
T or F = You should print when filling out your check.
True
False
T or F = Balance is the amount of money held in an account.
True
False
