WorksheetsMoney Investing
Total questions: 15
Worksheet time: 11mins
A key difference between saving and investing is
Saving is for everyone, investing is for the wealthy
Your money is insured when investing, it is not in savings
Investing has a guaranteed return, savings does not
Saving is for emergencies & goals, investing is for long-term wealth
Why is compound interest more beneficial than simple interest? (hint: choose 2 correct answers)
Your money grows faster when it is compounded
You earn interest on your interest
Fees for compound interest are greater than simple interest
Compound interest is hard to calculate, so fewer use it
Select the following items if they are considered investing tools.
Stocks
Groceries
Real Estate
401k/403b
T-shirts
Which investment is the most risky?
bond
stock
mutual fund
savings account
Match the following terms with the correct statement:
An activity through which an individual can earn money
Human capital
Career
Job
Transferable skills
Occupation
What are ways you could continue to build to your personal human capital in the next five years? (Choose all that apply)
continue education
study abroad
volunteer
play video games
$500 for teens; $1,000 for adults
What are some benefits to starting a savings account early?
you can earn interest on money saved
putting money aside will help avoid spending it on something else
setting a savings goal will help
all of the above
When you buy something you WANT, what should you consider before buying?
where it will look best in my house
will my friends like it as much as I do
you might not have enough money for necessary spending (emergencies)
When you are planning a monthly budget, a few things you might consider are:
preparing for unexpected expenses
buying a new house
paying for college
all of the above
When using a credit card, you will eventually have to do the following:
pay for the item and/or pay interest
never pay for the item
buy everything you have ever wanted
explain to your friends that it did not cost anything
What two options are open to you if you want to INVEST your money?
Leave it in a drawer
Put it in a Savings Account
Spend your money on food
Buy shares on the Stock Market
