WorksheetsSaveUp!
Total questions: 12
Worksheet time: 12mins
What is the benefit of saving money?
Being able to write a check
Getting a discount on paying your bills
Being able to prepare for emergencies
Not having to worry about your expenses
Your emergency savings should cover your expenses for at least _________.
1 month
3 months
6 months
10 months
When can setting a savings goal help you? Select all that apply.
When there is nothing you want or need.
When you need to save money long-term.
When you want to buy something expensive.
There is no reason to set a savings goal.
Calculating your expenses helps you budget because _________.
you can return things you have bought more easily
you can figure out how to spend less and save more
you can understand how much money you can spend
you can stop spending money and save for your goals
How can you save for your goals faster?
Choosing wants, not needs
Choosing needs, not wants
Choosing needs before wants
Choosing wants before needs
Which of these can help you save money? Select all that apply.
Budgeting money
Increasing income
Reducing expenses
Spending more on the things you want
What is a savings account used for?
Writing checks
Saving money
Using a debit card
Using a credit card
Your savings account will make more money in interest if you ________.
save less money
deposit more money into the account
make withdrawals (take out money from the account)
check your account balance online
Which of these is true about a savings account?
You can't open it online.
You may lose all of your money.
You can't make withdrawals.
You may need to pay fees.
You can open a savings account to _______.
pay for everyday expenses
deposit money you want to save
borrow money from financial institutions
buy a financial product to grow your money
Why do financial institutions need to know your personal information? Select all that apply.
To verify your identity
To protect your identify
To understand your financial situation.
To steal all of your information and sell it online
When you open a savings account, reading the Terms and Conditions helps you __________.
waive fees for using the ATMs
close your account without penalty
understand rules you need to abide by
earn more interest in your savings account
