Saving Money

Quiz
•
English
•
6th Grade
•
Medium
+38
Standards-aligned
Sarah Williams
Used 2+ times
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why do people save money?
To buy gold.
People save money so that they can buy things they need or want in the future.
To have fun.
To give to their children.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the meaning of "Bank"?
Something a person aims for.
Money loaned to the government.
A business where people keep their money.
Things people must have to survive.
Tags
CCSS.RI.5.4
CCSS.RI.6.4
CCSS.RL.5.1
CCSS.RL.6.4
CCSS.RL.7.4
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why do people buy savings bonds?
To sell them.
They earn interest on them.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the meaning of "Savings"
Times when items are sold cheaper.
Funds set aside for unexpected costs.
Things people would like to have.
Something a person aims for.
Tags
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why is it important to track your spending when trying to save money?
Because tracking spending has no impact on saving money
To identify areas where you can cut back and save more effectively.
To increase debt and overspend
To splurge on unnecessary items
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are some strategies to cut down on unnecessary expenses?
Ignore tracking expenses
Create a budget, track expenses, avoid impulse purchases, negotiate bills, meal plan, find cheaper alternatives
Stick to the same expensive habits
Spend more money on unnecessary items
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
For which of the following should you save?
purchases
emergency fund
wealth building
all the above
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