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WorksheetsEverfi Vault 3 - 5
Total questions: 30
Worksheet time: 15mins
A job is _____.
something you need to do
something you do to earn money
something you do when you are bored
A career is _____.
a single job you have once
the kind of job most people have
the type of job you do for a long time
How is a career path different from a job?
A career path is made up of jobs in the same field.
A career path clearly marks how to get a job.
A career path is a different type of work than a job.
What would be an example of a money making opportunity for a person your age?
A lemonade stand
Fixing your family car
Riding a bike
Imagine you have a friend who is really interested in dogs. What would they need in order to turn that interest into a way of making money?
Dogs being sold at a nearby pet store
Guard dogs for their own home
Dogs in the neighborhood that need walking
Imagine a neighbor needs help with their yard. What would you need in order to turn that into a money making opportunity?
Other customers
Tools and skills to do the work
Opportunity costs
If someone likes animals and then becomes a zookeeper, they have chosen a career based on _____.
income
skills
interests
If someone can cook and bake and then becomes a chef, they have chosen a career based on _____.
salary
income
skills
Why is choosing a career based on interests and skills important?
It’s important to like what you do and be able to do it.
It’s more important to choose a career based on income.
It’s only important to like what you do. Skills are less important.
What is the difference between salary and wage?
A salary is income based on the number of hours you work and a wage is not.
A wage is an amount that is paid for each hour that you work but a salary is a set income paid regularly.
A wage is income for very experienced workers.
Cash is _____.
money you’ll borrow
money you’ll pay back later
money you have today
Credit is _____.
money you are given and promise to pay back later
money you borrow and promise to pay back later
money you borrow and don’t have to pay back later
A debt is _____.
money you have to pay pack
money you don’t have to pay back
money used for needs, not wants
Why is a credit card a type of debt?
Credit cards are only used in stores and not between friends.
Credit card companies charge a small fee to use them.
Using a credit card is borrowing money that needs to be paid back later.
Which of the following is not true about credit cards?
It can be easy to spend too much when you have a credit card.
Other people are more likely to lend you money when your credit history is good.
You don’t need to worry about spending too much when you have a credit card.
Using cash is a good idea for _____.
buying small items you can afford now
buying items on sale
buying things you can’t afford
When is using a credit card a good idea?
You want something now that you can’t afford ever.
You have the money to buy what you need now.
You need something now but won’t have the money until the next time you get paid.
You should not use a credit card when _____.
you want something now that you will never be able to afford
you need something now but can’t pay for it yet
you have just started a new job
A credit history is _____.
the first step in creating a budget
a record of how you pay back money you borrow
the same thing as a bank statement
When your credit history is good, ______.
it’s easier to spend your money
other people are more likely to lend you money
it’s easier to budget your money
Why is it important to save money?
Savings allow you to buy the things you want or need at a later time.
Savings help you buy things now.
Saving money helps you live longer.
What is the connection between goals and savings?
Goals can give you a reason to save.
You can buy goals.
You can save goals.
Where would you go to start a savings account?
A jar in your backyard
A financial institution
An envelope in your room
Savings accounts _____.
can help you reach your savings goals faster
make paying credit cards easier
help you spend more money
Which of the following is not true about savings accounts?
Savings accounts can protect your money from being lost, damaged or stolen.
Savings accounts help you get to your goals faster.
Savings accounts can lose your money.
Interest earned on a savings account is _____.
the percentage of money you spend per month
the percentage a financial institution pays you to borrow your money
the percentage of your budget you don’t spend
How are simple interest and compound interest different?
Compound interest is like having more cash, but simple interest is like having more debt
Simple interest is like having more cash, but compound interest is like having more debt
Simple interest stays the same over time, but compound interest grows
Insurance can help _____.
add money to a savings account
in an emergency
with making ends meet regularly.
Why might a stock be an investment that can have some risks?
You can lose money if the business you own stock in does not do well.
Stocks usually do well in the long run.
There can be some fees charged as you buy stocks.
How can insurance help with meeting savings goals?
Insurance companies can quickly use your savings to pay for emergencies.
You can have a savings account with an insurance company.
Insurance pays for some costs of an emergency so you can keep your savings.
