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WorksheetsMoney Management
Total questions: 12
Worksheet time: 6mins
The money that you receive for mowing the lawn, babysitting or getting an allowance is called__________.
Income
Credit
Debt
Interest
Which of the following is NOT true about the difference between credit cards and debit cards?
Purchases made with a debit card come directly out of your bank account
You must pay off your credit card bill monthly or there will be penalties
You must have a bank/checking account to use a debit card
Credit cards use money from your savings account
The essentials you can't live without are called:
Wants
Needs
Income
Expenses
If you are buying groceries at the store and want to use the money in your bank account, you should pay with ______
Cash
Gift card
Debit card
Credit card
What is a good reason to save money?
To have money to buy things
To have money put aside for emergencies
For a future purchase
All of the above
It's important to spend money on things you need before spending money on things you want:
True
False
Which of the following is an example of a need for most people?
An expensive car
A big-screen TV
Designer jeans
A place to live
The goal of a budget is to SAVE more than you SPEND.
True
False
Owing money to another individual or business or the amount of money borrowed
Budget
Income
Debt
You can be charged a service fee for withdrawing your own money from an ATM machine
True
False
What should you do if you lose your debit card?
Wait a week to see if you can find your card
Report it to your bank so they can cancel your card
Borrow someone else's debit card
Nothing
Where is the best possible place to store you PIN number?
Written on your card in marker
Written on a sheet of paper in your wallet
Written in one of your school notebooks
You shouldn't write it down
