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Saving Money Quiz

Authored by Bonnie Robinson

Mathematics

6th - 8th Grade

CCSS covered

Used 67+ times

Saving Money Quiz
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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Setting financial goals is important because:

It only benefits the wealthy

It helps to create a roadmap for your financial future and motivates you to save and invest.

It is a waste of time and effort

It has no impact on your financial situation

Tags

CCSS.RI.6.2

CCSS.RL.6.1

CCSS.RL.8.1

CCSS.RI.8.2

CCSS.RL.6.2

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some ways for teens to save money?

Ignoring the price and buying whatever they want

Taking out loans for unnecessary items

Spending all their money on expensive gadgets

Setting a budget, avoiding impulse purchases, finding part-time jobs, and using discounts and coupons

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important for teens to save money?

To buy expensive items and show off to friends

To invest in risky stocks and get rich quick

To develop good financial habits and prepare for unexpected expenses.

To spend on unnecessary things and live in the moment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the steps to setting a financial goal?

Identifying your goal, determining the cost, setting a timeline, creating a plan, and monitoring your progress

Creating a plan without identifying the goal

Spending all your money immediately

Ignoring the cost and timeline

Tags

CCSS.7.RP.A.3

CCSS.7.RP.A.2

CCSS.7.EE.B.3

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some practical ways for teens to save money?

Taking out loans and credit cards to buy whatever they want

Spending all their money on expensive gadgets and clothes

Creating a budget, avoiding impulse purchases, finding part-time jobs, and using discounts and coupons

Ignoring the prices and just buying whatever they like

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why should people save money for the future?

To donate to charity and help others

To have more money to spend on daily expenses

To spend on luxury items and vacations

To be prepared for unexpected expenses and have a secure retirement.

Tags

CCSS.RI.6.2

CCSS.RL.6.1

CCSS.RL.8.1

CCSS.RL.7.1

CCSS.RL.7.2

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the benefits of setting financial goals when you are a teenager?

It allows teens to practice handling their own money before they are responsible for all their bills.

Setting financial goals help you to stay focused on your future.

All of the above

It increases the chances of having more money as an adult.

Tags

CCSS.HSF.LE.A.2

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