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WorksheetsFinancial Literacy Unit One Review
Total questions: 30
Worksheet time: 20mins
To manage your money wisely you must balance your________.
wants and needs.
goals and expectations.
bills and purchases
spoon on your nose.
A budget is a spending plan that can help you____________.
borrow money.
pay in three easy payments.
manage your money better.
eliminate pests from your home and garden.
Cash sent through the mail can be_________.
Lost
Stolen
Given to charity
Used to buy a pet.
An example of a necessary expense is __________.
Rent
Groceries
Medication
McDonalds
A bank statement shows you____________.
Monthly earnings.
Check stubs.
Account activities.
Recent withdrawls
You can save money by__________.
eating at restaurants.
packing your own lunch.
getting a job at Cutco.
Shopping at the mall.
Frugal means_______.
Thrifty
Fancy
Reddish
Spooky
When you buy something you do not need to look cool or to be like your friends you are succumbing to ___________.
Peer Pressure
Air Pressure
Peer Mentor-ship
Pressure Cooker
Developing thrifty habits can help you___________.
Open a bank account.
Stay out of de
Develop superpowers
Paint your house.
Which is a need?
soda
coffee
water
Gatorade
Which is a want for a Deron student?
a place to live (shelter)
oxygen
car
food
Is a computer a need or want?
need
want
depends on your individual situation
A need is something we can't live without.
True
False
A want is something we would like to have but could live without it.
True
False
Which items should you pay for before buying something you want?
rent
utilities
groceries
all of the above
Ms. Carlton's second grade class wants to go on a field trip. They need $350 and they have $419 from a bake sale. Should they save or spend their money?
save
spend
Greg has decided that he wants to buy a new bike that costs $125 and he has $75. Does he need to save or spend his money?
save
spend
Juan is going to a birthday party on Friday for his friend. He has $15 and has not bought a gift for his friend. Should he save or spend his money?
save
spend
Katie wants a puppy that is $200 but she only has $50. Should she save or spend her money?
save
spend
The amount of money in your account
Deposit
Benjamins
Balance
Dollars
Which of the following described a bank statement?
It is a summary of all deposits made each month.
it is a summary of all the withdraws made each month.
It is a summary of the interest earned each month
All of the above
Angie's balance forward is $217.58. Her checking account registrar shows payments of $25.00, $10.57, and $49.67. It also shows one deposit of $50.00. What is the total amount of money in her bank account?
$132.34
$182.34
$50.00
None of the above
Susanna's balance forward is $117.58. Her checking account register shows payments of $15.00, $8.57, and $49.67. It also shows one deposit of $30.00. What is the total amount of money that she has in her bank account?
$117.58
$44.34
$74.34
$30.00
An account ___________________________ is a way to keep track of spending and saving.
register
deposit
withdraw
booklet
