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WorksheetsPersonal Finance Semester Review
Total questions: 21
Worksheet time: 16mins
When you use your credit card, money is borrowed and must be paid back at a later date.
True
False
When you use a debit card, money is taken out of a checking account to pay for purchases.
True
False
Your dog has to go to the vet for his annual vaccinations. Your mom pays with a card. The cost of the vet visit shows up on a monthly bill for the card and needs to be paid back by the end of the month. Is this an example of using debit or credit?
Debit
Credit
Whenever possible, it is best to use your own money when making purchases. Use your debit card to buy groceries, hygiene essentials, laundry supplies, and pay your monthly bills.
True
False
Using credit can be helpful, because it allows you to purchase expensive items (like a house, car, or boat) and pay them off in smaller amounts over a long period of time.
True
False
A NEED is an upgrade or something we would like to have but could live without it.
True
False
Which beverage is a need?
soda
coffee
Gatorade
water
A WANT is something we MUST have to survive or maintain our well-being.
True
False
Which of the following is a WANT? Select ALL correct answers.
video games
Nike shoes
candy
concert tickets
As an independent adult, which items do you NEED to pay for before buying something you WANT?
rent
groceries
water, electric, and cell phone bill
All of the above
Is a car a NEED or a WANT?
NEED
WANT
Depends on where you live and your responsibilities
What can you do to be a smart shopper and maintain your weekly spending budget?
make a shopping list and stick to it
limit unnecessary (or impulse) purchases
look for discounts and sales when you shop
All of the above
What can you do to stay safe when using an ATM?
Avoid distractions such as using your cell phone
Be aware of your surroundings
Use an ATM in a safe, well-lit location
All of the above
What are 2 examples of inappropriate behaviors that you should avoid using at an ATM?
Give the person using the ATM plenty of space
Talk loudly on your phone while using the ATM
Count your money in front of strangers
Focus on what you're doing and complete your transaction quickly.
When a discount is applied to an item you want to buy, the price will be reduced or lowered.
True
False
Leaving a tip at a restaurant is optional. Waiters and waitresses make LOTS of money and don't really need extra.
True
False
A tip is an extra bit of money you give to someone (ex. waitress, hair stylist, delivery driver) who has performed a service for you.
True
False
A backpack you want costs $35.00. On Black Friday, a 40% discount was offered. How much did the backpack cost on Black Friday with the discount applied?
$30.00
$26.00
$50.00
$21.00
A water bottle you want costs $20.00. For today only, the store is offering a 20% discount. How much will the water bottle cost after the discount is applied?
$28.00
$16.00
$35.00
$12.00
You visit The Airliner with friends and enjoy a couple slices of pizza and a drink. Your bill is $12.50, and you want to leave a 20% tip. What is the new total you need to pay for the meal that includes the tip?
$2.50
$13.00
$15.00
$30.00
You get a 30-minute massage and your bill is $50.00. The service you received was great, so you want to leave a 20% tip. What is the new total you need to pay for the massage that includes the tip?
$50.00
$60.00
$40.00
$90.00
