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WorksheetsPersonal Financial Literacy
Total questions: 12
Worksheet time: 10mins
Which of these is a need, not a want?
Video games
Ice cream
Water
Toys
What do we call the money people earn from working?
Savings
Income
Debt
Loan
What is it called if you put your money in a bank to use for later?
Spending
Saving
Borrowing
Donating
What does labor mean?
How much money a person saves
How much a person works
How much money a person owes
How many years a person went to college
Which of the following is a good way to save money?
Spend all your money right away
Put some money in a piggy bank
Give all your money to a friend
Lose your money
Mr. Smith is an elementary school teacher. Which factor most likely affects the amount of money the school pays him?
The distance he lives from the school
The number of teacher friends he has at school
The number of years of teaching experience he has
The number of students in his class.
Mrs. Williams borrowed $6,000 from the bank to pay for car repairs. She paid $7,500 back. Which of these is most likely the reason she paid the bank back more than she borrowed?
She miscalculated the amount of money she needed to pay back.
She ended up needing more than $6,000 in home repairs
She had to pay interest on the money she borrowed
She had to pay taxes on the money she borrowed
Which statement is an example of using credit?
Dante saves $1,000 per paycheck
Bailey budgets $1,000 each week for groceries
Maria borrows $1,000 for car repairs
Nina's grandma gave her $1,000 for her birthday
Which of the following is an example of an unplanned expense?
Buying groceries
Buying gas to fill up your car
Paying your monthly cellphone bill
Paying a hospital bill after breaking your arm
What is debt?
Money earned
Money spent
Money saved
Money owed
Mr. Patterson works for a company. Which factor would most likely affect the amount of money Mr. Patterson gets paid by the company?
The amount of money he has to pay in bills every month.
The size of his family.
The amount of money he saves every month.
The work experience he has
The city pays its police officers for the work they do. Which factor would NOT affect how much the city pays a police officer?
The size of the police officer's family.
The number of years the officer has worked for the city.
The level of education the officer has.
The special skills the officer has.
