Financial Literacy

Front

Which is a sound way to keep track of your spending? Options: Get a credit Card, Create a budget, Save money, Give to Charity

Back

Create a budget

Front

What is the term for the extra money banks and credit card companies charge when they loan you money?

Back

interest

Front

What does the marshmallow experiment prove?

Back

delayed gratification pays off

Front

Who makes more money in an investment scenario? Options: the guy who starts early, the girl with the most years, the guy who establishes credit, the girl with the bigger salary.

Back

the guy who starts early

Front

Which is not a good idea for a young person? Options: Starting a savings account at the bank, Buying a new car, Having a debit card, Renting

Back

Buying a new car

Front

According to Mrs. Knobel and Dave Ramsey, which is a good idea? Options: paying cash, buying a house as soon as possible, getting a credit card, hosting a party

Back

paying cash

Front

Which can help your budget?

• having a roommate
• buying designer jeans
• having a debit card
• having a credit card

Back

having a roommate

Front

If you are trying to save, you should try to pay for ____ only.

Back

needs

Front

When you are starting out, you should...

Back

buy a reliable but cheap car

Front

What do you want to work in your favor, instead of against you?

Back

interest