WorksheetsQuiz: Personal Finances
Total questions: 12
Worksheet time: 6mins
What is a budget
A list of things you want to buy
A plan for how to spend and save money
A type of bank account
A tax on purchases
If you earn $50 per week and and spend $30, how much do you save
$50
$30
$20
$10
Which of the following is a fixed expense?
Buying a snack
Monthly rent payment
Going to a concert
Buying a birthday gift
If you want to save money for a big purchase, what should you do?
Spend all your money now
Create a savings plan and set aside money each month
Use a credit card to buy it immediately
Borrow money from a friend
What is the memo line on a check used for?
To sign your name
To write a note about the purpose of the check
To record your PIN number
To write the check number
Who is the payee on a check
The person writing the check
The person or company receiving the money
The bank processing the check
The government
What must you do after filling out a check to make it valid?
Leave it blank
Sign your name
Write a personal note
Take it to the bank immediately
If a check is bounced, what does it mean?
The check is too large to cash
The person receiving the check does not accept it
There is not enough money in the account to cover the check
The check is lost in the mail.
What is income
Money you borrow from the bank
Money you earn from work or other sources
Money you save in a piggy bank
Money you spend on bills.
A debit card takes money from which account?
Credit account
Checking or savings account
Loan account
Retirement account
What is interest in banking?
The amount of money a bank pays for saving money
The amount of money you borrow from a bank
The money taken out of your paycheck for taxes
The total amount you have in your wallet
Why is it important to have savings account?
To spend money faster
To keep extra money safe and earn interest
To pay your bills immediately
To borrow money from the bank
