| True | T/F Financial literacy is knowledge about money and what you do with money. |
| True | T/F A good steward of God’s resources is careful and responsible. |
| saves money, reduces stress, helps you make smart decisions, reduces your risk of losing money | What are the reasons for becoming financially literate? |
| misunderstanding | A misconception is a ______________. |
| driving without car insurance | An example of financial irresponsibility is _________________. |
| True | T/F When making financial decisions, it is important that you evaluate the source critically. |
| True | T/F It’s important to use information that is both reliable and relevant when making financial decisions. |
| False | A long-term goal is a desired result that may be achieved in less than one year. |
| True | Assets are items you own that have value. |
| True | Written goals should be detailed, measurable, and include a plan. |
| PACED | What is a process for making financial decisions? |
| calculating your net worth | The first step in setting goals is to? |
| thinking seriously about your goals | The second step in setting goals is to ? |
| False | T/F Written goals should be simple and short. |
| False | You should not use the PACED decision-making process to make career choices. It should mostly be used for financial decisions. |
| True | A graphic organizer helps you visualize what’s needed to reach your career goals. |
| criteria | Work environment is one _____________ that you could consider when making a career decision. |
| True | The government uses the revenue from taxes to pay for goods and services for the community. |
| False | Interest you receive from a bank is not considered income. |
| a fee paid to an employee for their sale or services | Commission is…. |
| deadline to file your tax return | April 15 is the……. |
| money a company shares with the stockholders | A dividend is…… |
| employee benefit | The company you work for deposits money into your retirement plan. This is an example of a/an…… |
| submit information to your employer to let them know how much to take out of your paycheck for taxes | The purpose of a W-4 form is to…… |
| taxes | Sales, property, and income are three types of…… |
