WorksheetsWeek 6 Assessment
Total questions: 10
Worksheet time: 7mins
Which of the following should be met before buying wants?
needs
interest
risk
investment
Why is it important to consider risk before making a financial choice?
To make sure you have fun
To avoid losing money or making a bad decision
To spend all your money quickly
To buy more things
If you pay more money back than you borrowed, what is the extra money called?
Debt
Interest
Savings
Gift
What should you do before buying something you want?
Make sure your needs are met
Spend all your money
Ignore your needs
Buy everything you see
When is it okay to create debt?
going on vacation
at the grocery store
purchasing a house
buying fancy clothes
Investments always grow money.
True
False
Which of these is a characteristic of a good goal?
careless
endless
measurable
expensive
Which of the following is an example of a measurable goal?
I want to be happy
I want to save $50 in two months
I want to be famous
I want to have fun
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
If Mason wants to consider his short-term and long-term goals, which questions should he ask? Check all that apply.
Will other kids think my new bike is cool?
Do I want the bike this month, or should I wait and buy it during the summer?
Will buying the bike keep me from reaching another goal, like buying a game?
Do I really need the bike, or can I get by with my old one for a while longer?
How many of my friends have new bikes?
