Font size
WorksheetsFinancial Literacy
Total questions: 22
Worksheet time: 17mins
What is Financial Literacy?
the knowledge neccessary to make financial decisions
a fee paid for the use of another partys money
a step by step plan for your money
all of the above
There are a variety of studies that indicate...
loans are the most used when trying to get into a financially steady life
credit is the only thing you need to keep yourself steady as long as its stable
individuals with higher levels of financial literacy make better choices
financial literacy is important but not as important as your interest rates
Financial Literacy takes a combination of..
a good education, steady pay, a steady plan for your money
smart thinking, and steady mental health
financial understanding, financial responsibility, financial management
budget, good credit, paid loans
What is interest?
money paid regularly at a particular rate
the state of being interested in learning about financial literacy
your financial responsibility
the budget you set yourself monthly
What is a budget?
a step-by-step plan for meeting expenses
the amount of money you make from a job then spend
a task used when borrowing money to pay it back
how much your credit goes up or down monthly
non-discretionary is what?
needs
wants
Discretionary is what?
needs
wants
What is a checking account?
a bank account you use to buy your personal needs, or wants
your credit score
an account in the bank where you regularly check your credit from
the most fundamental way to manage your money, and then to access it to pay your bills.
what is credit?
the money you borrow to pay for things
the money you take out of your bank account and get credit for
the money that you personally make from your job
credit is built off of what?
your paycheck
trust
stabillity
mortages
when should credit be used?
to buy haley
paying all of your bills
emergencies
when buying things like, food, clothes, etc
What is planning?
key to successful financial management
planning what fun things to buy with your credit card
something you do when buying haley
something you should NOT do when putting your money into your bank account.
what is compound interest?
computed on the amount saved/invested plus the interest previously earned.
the interest amount payed yearly
the interest amount that you have FULLY paid
the interest amount you have NOT fully paid
what are earns?
the money earned from labor
the higher credit score earned from paying things on time
the money you earn from a bet
top task(s) for financial literacy
when found a job, put money into video games
plan, save, invest, protect
buying everything you NEED as soon as you make money
dont use your credit car during emergencies
securities are a tradable financial investment, what are some examples
stocks, bonds, mutual funds, diversification
loans, mortgages, credit scores
budgets, debit cards, credit cards
all of the above
what is liquidity?
how quickly loans can be turned into cash
how quicly credit can be turned into cash
how quickly you can make money from working
how quickly you can make money off of stocks you buy
you should consider the tax laws relating to the investments
true
false
protecting your identity and financial information is a must
false
true
credit cards should be used for anything you want
false
true
Financial goals are so very important
yes
si
no
not really
what does yield mean?
this means you need to slow down and not spend as much money
percentage of money earned on your savings or investment over a year
a stated fact that your credit is doing great
