SMART Goals
Banking Basics
Spend or Save?
Needs vs. Wants
Smart Shopping
100

What does the "S" in SMART goals stand for? 

A. Simple

B. Smart

C. Specific

D. Strategic

C. Specific

100

What kind of account earns interest?

A. Checking account

B. Debit account

C. Savings account

D. Credit account

C. Savings account

100

What is a trade-off?

A. Something you gain

B. Something you give up when choosing

C. A free reward

D. Something you win

B. Something you give up when choosing

100

Is clean water a need or want?

need

100

What is comparison shopping?A. Buying without thinking  B. Checking prices and options before buying  C. Asking your friend what they bought  D. Only buying expensive brands

B. Checking prices and options before buying

200

Why is goal setting important?

A. It wastes time

B. It helps you stay focused

C. It guarantees success

D. It makes you rich

B. It helps you stay focused

200

What is it called when you take money out of a bank account?

A. Deposit

B. Withdrawal

C. Transfer

D. Swipe

B. Withdrawal

200

Why should you save money?

A. To throw it away later

B. So you can go shopping every day

C. To be ready for future needs

D. To avoid taxes

C. To be ready for future needs

200

Is a new video game a need or want?

Want

200

Why should you look for discounts or coupons?A. To spend more  B. To waste money  C. To save money  D. To impress others

C. To save money

300

What does it mean for a goal to be "measurable"?

A. It has a dollar sign

B. It can be achieved instantly

C. You can track progress

D. It’s expensive

C. You can track progress

300

Which is a benefit of using a bank?

A. You lose your money

B. It costs a lot

C. Your money is secure

D. You get free gifts

C. Your money is secure

300

True or False: You should save money after buying fun things.

False

300

Why is it important to know the difference?

A. To avoid buying anything

B. To budget your money wisely

C. To buy more wants

D. To borrow more money

B. To budget your money wisely

300

What should you check before buying something?A. What your friends think  B. The store's color  C. Price and quality   D. The weather

C. Price and quality

400

Which of the following is a short-term goal?

A. Buy a car in 10 years

B. Save $20 this month

C. Retire at 65

D. Graduate college

B. Save $20 this month

400

A debit card is used to:

A. Take out a loan

B. Spend borrowed money

C. Spend money directly from your bank

D. Save money

C. Spend money directly from your bank

400

Which of these helps decide whether to save or spend?

A. What your friends are buying

B. Creating a budget

C. Buying everything on sale

D. Guessing your balance

B. Creating a budget

400

Which of these is a “need”?A. Designer sneakers B. Cell phone C. Food D. Movie ticket

Food

400

How can advertising affect what you buy? A. Makes you want things you don’t need  B. Helps you budget  C. Saves you money  D. Always tells the truth

A. Makes you want things you don’t need

500

What makes a SMART goal realistic?

A. It's something you want badly

B. It’s achievable based on time and resources

C. It’s a dream

D. It sounds impressive

B. It’s achievable based on time and resources

500

Which of these is NOT a difference between debit and credit cards?

A. Credit can build a credit score

B. Debit uses your own money

C. Credit cards are free money

D. Debit doesn't charge interest

C. Credit cards are free money

500

What is opportunity cost?

A. Money earned from work

B. The best choice

C. The value of what you gave up

D. A random decision

C. The value of what you gave up

500

Which is a want that could help mental health?A. Water B. New shoes C. Game night with friends D. Paying rent

C. Game night with friends

500

What is a smart shopping move?  A. Buying the first thing you see  B. Waiting for a sale  C. Buying without checking price  D. Copying your friends

B. Waiting for a sale

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