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…… |