Financial Literacy

BUDGETING

100

 WHAT IS A BUDGET

HOW WE DIVIDE OR BALANCE OUR MONEY

200

TRUE OR FALSE: 

YOU NEED TO BUDGET MONEY TO PAY YOUR RENT

TRUE: 

MOST PEOPLE NEED TO SAVE OR BUDGET MONEY FROM EACH PAYCHCK TO PAY THEIR RENT 

300

WILL SAVING MONEY HELP YOU PAY YOUR BILLS OR BUY GROCERIES IF YOU LOOSE YOUR JOB OR HAVE AN EMERGENCY 

YES, SAVING MONEY WILL HELP GET YOU BY IF YOU EVER LOOSE YOUR JOB OR HAVE AN EMERGENCY

400

TRUE OR FALSE: 

 BUDGETING IS A WAIST OF TIME

FALSE: 

BUDGETING MAY TAKE A LITTLE BIT TO FIGURE OUT, BUT IN THE LONG RUN IT WILL HELP YOU KEEP YOU BILLS PAID AND ALLOW YOU TO HAVE A LITTLE FUN NOW AND THEN 

500

TRUE OR FALSE: 

YOU REALLY DON'T NEED TO INCLUDED ALL OF YOUR EXPENSES IN YOUR BUDGET

FALSE: 

BY INCLUDING ALL OF YHOUR EXPENCES IN YOUR BUIDGET IT ALLOWS YOU TO FORM HEALTHY SPENDING HABBITS

DEBIT

100

WHAT HAPPENS IF YOU SPEND MONEY FROM YOUR DEBIT CARD THAT IS NOT IN YOU BANK ACCOUNT

YOU COULD BE CHARGED AN OVER DRAFT FEE OR LOOSE YOUR BANK ACCOUNT 

200

WHAT IS A DEBIT CARD? 

A CARD YOU USE LIKE CASH,USING MONEY YOU HAVE ALREADY DEPOSITED INTO YOUR BANK ACCOUNT 

300

TRUE OR FALSE:  

IT IS OK TO PAY YOUR BILLS LATE ONCE IN A WHILE 

FALSE: 

NOT PAYING YOUR BILLS ON TIME CAN DAMAGE YOUR CREDIT AND IT MAY BE HARDER FOR YOU TO MAKE LARGE PURCHASES LIKE A CAR OR A HOME

400

CAN YOU USE YOUR DEBIT CARD IF YOU DON'T HAVE ENOUGH MONEY IN THE BANK TO PAY FOR IT 

NO: YOU WILL GET AN OVER DRAFT CHARGE. THAT MEANS IF YOU SPEND MONEY YOU DON'T HAVE THE BANK WILL CHARGE YOU EXTRA MONEY 

500

 TRUE OR FALSE: 

A DEBIT AND A CREDIT ARE THE SAME 

FALSE: A DEBIT CARD USES MONEY THAT YOU HAVE PUT INTO YOUR BANK ACCOUNT FROM YOUR PAYCHECK, A CREDIT CARD COMPANY, LOANS YOU MONEY TO USE, BUT YOU HAVE TO PAY IT BACK. CREDIT CARDS SHOULD BE USED FOR AN EMERGENCY OR SPECIAL NEED, BUT HAVE TO PAY IT BACK

SAVINGS

100

Money we put up for something special

Savings

200

 TRUE OR FALSE: 

EVERYONE HAS A SAVING ACCOUNT 

FALSE: 

NOT EVERYOPNE CAN AFFORD TO KEEP A SAVINGS ACCOUNT, THAT IS WHY BUDGETING IS SO IMPORTANT 

300

DO YOU NEED A BANK ACCOUNT TO SAVE YOUR MONEY

NO, BUT IT HELPS YOU EARN INTEREST AND KEEP TRACK OF WHAT YOU HAVE SPENT AND WHAT IS LEFT OVER 

400

TRUE OR FALSE:

 SAVING JUST A LITTLE EACH MONTH CAN MAKE A BIG DIFFERENCE OVER TIME

TRUE: 

EVEN IF YOU SAVE ONLY $10.00 OR $20.00 A MONTH OVE A YEAR THAT CAN ADD UP TO OVER $200.00 A YEAR.  

500

NAME SOMETHING YOU WOULD DO OR SOMETHING YOU WOULD BUY IF YOU SAVED $1,000.00 DOLLARS

ANY ANSWER EARNS POINTS

TAXES

100

Money we pay on purchase or that has been taken out of our pay check 

TAXES

200

TRUE OR FALSE: 

ONLY THE RICH PEOPLE HAVE TO PAY TAXES

FALSE: 

EVERYONE HAS TO PAY TAXES

300

 TRUE OR FALSE: 

SOME THINGS LIKE FOOD ARE NOT TAXED

TRUE: THINGS LIKE FOOD AND FRESH WATER ARE NOT USUALLY TAXED 

400

TRUE OR FALSE: 

ONLY ONE PAYCHECK A MONTH IS TAXED

FALSE: WE HAVE TO PAY TAXES ON EVERY DOLLAR EARNED 

500

 TRUE OR FALSE: 

ALMOST EVERYTHING WE BUT HAS TAXES

TRUE: 

EVERYTHING EXCEPT FOOD ITEMS ARE USUALLY TAXED

IS IT A NEED OR A WANTnN

100

A new video game 

WANT

200

FOOD

NEED:

 WE ALL NEED TO EAT 

300

TRANSPORTATION

NEED: 

WE ALL NEED TO GET TO THE PLACES WE NEED TO GO 

400

A HOME 

NEED: 

WE ALL NEED A PLACE TO LIVE 

500

CLEAN HAIR AND BODIES 

NEED: 

EVERY ONE NEEDS TO BE CLEAN TO BE HEALTHY 

BONUS

100

What is your favorite movie?

Any answer wins points 

200

WHO IS YOUR FAVORITEW SUPER HERO 

ANY ANSWER EARNS POINTS 

300

ALL FROGS CROAK 

FALSE: 

SOME CROAK, SOME RIBBIT, AND SOME ACTUALLY SCREAM 

400

WHAT IS SOMETHING YOU WANT TO BUDGET FOR 

ANY ANSWER EARNS POINTS

500

IF YOU COULD GO ANYWHERE WHERE WOULD YOU GO?

ANY ANSWER EARNS POINTS