WorksheetsSmart Money Moves – Stewarding Your Finances
Total questions: 13
Worksheet time: 7mins
What does "Pay Yourself First" mean?
Buy yourself a gift every month
Pay off your credit cards first
Save a portion of your income before spending
Spend money on fun first
What is the main purpose of a savings account?
To pay bills automatically
To borrow money
To invest in the stock market
To keep money safe and earn interest
What is a bond?
Ownership in a company
A loan you give to a company or government
Money you owe on a credit card
A type of insurance
What does “interest” mean in finances?
A reward you get for using cash
A fee charged by stores
Money earned or paid for borrowing or saving
How excited you are about saving
Which of the following is a low-risk investment?
Starting your own business
Cryptocurrency
Individual stocks
Savings account
What does “investing” mean?
Putting money in something to grow over time
Spending money on clothes
Giving away money to charity
Depositing money in a checking account
What is a stock?
A type of bank account
A share of ownership in a company
A savings plan for retirement
A loan to the government
What is financial “risk”?
The chance of losing money on an investment
The amount of money you save each month
The chance of spending too much
The cost of a financial advisor
Why is it smart to start saving early?
So you don’t have to get a job
So your money has more time to grow with interest
So you can retire by 30
Because banks give prizes
Which is a benefit of diversifying your investments?
You can avoid all taxes
You reduce risk by not putting all your money in one place
You only need one account
You earn the same amount every time
Which of the following is an example of a high-risk investment?
Certificate of deposit (CD)
Savings account
Government bonds
Stock in a new technology startup
What is the main advantage of compound interest?
Your money is completely risk-free
You never have to pay taxes
You only pay interest once
Your money grows faster over time because you earn interest on interest
Why should you set financial goals?
Because it is required by law
To avoid using a bank
So you can spend more money
To help guide your saving and investing decisions
