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WorksheetsMoney Management
Total questions: 46
Worksheet time: 1hrs 2mins
My family uses a _____________
It is a good idea to build a budget based on your income.
True
False
Reasons for making a budget include
To have a spending plan
To have a savings plan
To keep track of debits and credits
All of the above
Getting $25 from mowing your neighbor's lawn is an example of:
Earned Income
Unearned Income
The essentials you can't live without are called:
Needs
Wants
Income
Expenses
Helps make decisions about your income; Saving- spending plan.
Budget
Income
Networking
Bank Loan
In case of emergency you should have what...
Good Credit
Money Saved
Budget Plan
Credit Card
It's important to spend money on things you need before spending money on things you want:
True
False
terms for one’s work-related financial earnings
salary
credit
mortgage
lender
Which of the following are parts of writing a check?
Date
Signature
Who you are paying
The address of the person you are paying.
Which of the following is a rule for writing a check?
Write the check in pencil
Leave the memo blank
Write the check in pen
What is wrong with this check?
They didn't write who they are paying.
The money amount in dollars is wrong.
The money amount written in words is wrong.
What is wrong with this check?
They did not draw the line at the end of the money amount.
The dollar amount is wrong.
The check was not signed.
The memo is wrong.
Where does your signature go?
The bottom left corner.
The pay to the order of blank.
The bottom right corner.
Where does the dollar amount go?
Pay to the order of blank.
Next to the dollar sign.
The memo
The blank under pay to the order of
The memo must be filled out.
True
False
Where can you find the account number?
Next to the date.
At the top of your check.
At the bottom of your check.
Where can you find the check number?
At the bottom of the check.
At the top of the check next to the date.
What is her total deposit?
What is the correct spelling?
forty
fourty
fortie
fourtie
What is the correct spelling?
ninty
nintey
ninetey
ninety
How much is the check worth?
$5
$50
$500
$0
It is ok to leave the amount portion of a check blank if you are unsure of the amount of an upcoming purchase.
true
false
Which part of the check is the least important?
memo line
signature line
routing numbers
check number
Which of the following are parts of writing a check?
Date
Signature
Who you are paying
The address of the person you are paying.
Always include the month, day, and year when writing the date.
True
False
It's safer to print instead of sign your name at the bottom of the check.
True
False
The amount of money you have in a bank account.
balance
check
debt
deposit
Writing a check for more than you have in your account. Banks will typically charge a fee for doing this.
endorse
debt
bouncing a check
void
Already printed on the check so that the payee knows you are the one who wrote it.
ATM
license
name and address
check number
This is the number (often 10 digits) that is unique to your account. It tells the bank where your money comes from.
bank
account number
Wells Fargo
Truist
This is where you write the name of the person or company who will receive the money.
check
pay to the order of
signature
date
This number will help you keep track of your payments. Each time you use a check you should record the check number, the date, payee, and amount in your check register.
check number
bank
signature
date
