Personal Finance

Flashcard
•
Social Studies
•
6th - 8th Grade
•
Hard
Wayground Content
FREE Resource
Student preview

6 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Why is it important to set aside money for the future?
Back
To have funds available for future needs or emergencies
2.
FLASHCARD QUESTION
Front
You get a new job that pays double your current salary. What's the first thing that you should do?
Back
Create a budget you can spend your money wisely
3.
FLASHCARD QUESTION
Front
What would have the HIGHEST RISK of losing money with no benefit? Options: Loaning money from the bank, Loaning money to your friend, Buying a new video game you love
Back
Loaning money to your friend
Answer explanation
You lose money buying a video game, but at least you get a benefit- a new game!
4.
FLASHCARD QUESTION
Front
What would NOT be an important expense in a budget? Options: Entertainment, Health Insurance, Savings, Rent
Back
Entertainment
5.
FLASHCARD QUESTION
Front
Saving money allows you to...
Back
have extra cash for emergencies
6.
FLASHCARD QUESTION
Front
What is credit?
Back
Money borrowed from a lender with the promise it will be repaid.
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