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Worksheets

Money Matters

Total questions: 10

Worksheet time: 20mins

Name
Class
Date
1.

Which of the following is a NEED?

a)

Play Station

b)

Concert Tickets

c)

Housing

d)

BMW

2.

You NEVER have to pay off credit cards

a)

True

b)

False

3.

Savings is money you set aside

a)

True

b)

False

4.

What is the BEST way to track your spending?

a)

Check your bank account every 3 months

b)

Create a budget

c)

Rely on your parents to track it for you

d)

Don't track anything

5.

You should always spend more than you earn

a)

True

b)

False

6.

What do you save money for?

a)

Emergencies

b)

College Tuition

c)

Large Purchases

d)

All of the above

7.

Which of these is an irresponsible spending habit?

a)

Paying bills on time

b)

Spending more than you earn

c)

Buying food and water

d)

Paying rent

8.

Which of the following are EARNINGS?

a)

Salary

b)

Allowance

c)

Interest from Savings

d)

All of the above

9.

Which factor is likely to cause an increase in people's savings?

a)

A. an increase in tax rates

b)

B an increase in the interest rate

c)

C. a reduction in economic uncertainty

d)

D. a reduction in real wages

10.
Jack wants a new phone, but he needs a new notebook for class.  What should he do?
a)
Buy the notebook and put away money for the phone.
b)
Buy the phone and put away money for the notebook.
c)
Buy the notebook and tell Brennon to buy him the phone.
d)
Buy the phone and use Brennon's notebook for a while.