WorksheetsMoney Myths vs. Money Facts Quiz
Total questions: 26
Worksheet time: 18mins
If you have a good job, you don't need to budget.
Myth
Fact
Credit cards are free money.
Myth
Fact
You should start saving money when you're an adult.
Myth
Fact
Buying something on sale always means you're saving money.
Myth
Fact
You need a lot of money to start investing.
Myth
Fact
Saving just a little bit every week can make a big difference.
Myth
Fact
If you don't make a lot of money, it's not worth saving.
Myth
Fact
Budgeting is only for people with money problems.
Myth
Fact
Having a high salary means you're financially successful.
Myth
Fact
Using a budget can help you reach your money goals faster.
Myth
Fact
You can't save money if you're paying off debt.
Myth
Fact
It's better to spend now and save later.
Myth
Fact
Using cash helps you control spending better than cards.
Myth
Fact
Only adults can open a savings account.
Myth
Fact
You don't need to check your bank account often.
Myth
Fact
You shouldn't talk about money.
Myth
Fact
Investing is the same as gambling.
Myth
Fact
If you can afford the monthly payment, you can afford the item.
Myth
Fact
All debt is bad.
Myth
Fact
You don't need an emergency fund if you have a credit card.
Myth
Fact
When we budget or buy things what do we need to know?
How much you will get paid next week.
How much money you have
Weekend plans
What do we need to know when budgeting or buying things?
How much you will be paid next week.
How much money you have
Weekend plans
¿Qué necesitamos saber cuando presupuestamos o compramos cosas?
Cuánto te pagarán la próxima semana.
Cuánto dinero tienes
Planes de fin de semana
Is tracking your spending important for managing your budget?
No
Yes
Which of the following is a good reason to save money?
To be prepared for emergencies
To spend more on things you don't need
To avoid making a budget
Setting financial goals can help you manage your money better.
Fact
Myth
