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WorksheetsFinancial Literacy
Total questions: 10
Worksheet time: 5mins
Which of the following is not one of the Financial Literacy Components?
Credit-Debt Cycle Traps
Understanding Interest Rates
Identity Theft Issues & Safety
Prioritizing Spending
What term refers to a lack of budgeting, investing, borrowing, taxation, and personal financial management abilities?
Financial Literacy
Importance of Money
Financially Illiterate
Importance of Budgeting
It allows individuals to better allocate their income, resulting in financial security and prosperity
Importance of Money
Importance of Financial Literacy
Money-Saving Tips
Budgeting Rule
It helps create stable communities
Importance of Money
Importance of Financial Literacy
Money-Saving Tips
Budgeting Rule
The 50-20-30 (or 50-30-20) budget rule is an intuitive and simple plan to help people reach their financial goals.
Importance of Money
Importance of Financial Literacy
Money-Saving Tips
Budgeting Rule
What percentage of your income must you put into savings according to the budgeting rule?
10%
20%
15%
30%
What percentage of your budget must be spent on your wants according to the budgeting rule?
10%
20%
15%
30%
Which of the following money-saving tip says that establishing personal saving goals is the first step in making those savings dreams a reality?
Keep track of your spending
Separate wants from needs
Create and stick to a budget
Set savings goals
Which of the following money-saving tip says that once you have your goals laid out, it's important to look at all of your financial burdens and expenses and determine what a realistic budget could be for you.
Keep track of your spending
Separate wants from needs
Create and stick to a budget
Set savings goals
Complete the following; Any improvement in financial literacy will have a profound impact on people and their ability to provide for their _______?
Wants
Needs
Future
Present
