Financial Literacy Fundamentals
This worksheet covers fundamental concepts in financial literacy for 10th-grade students, including budgeting, saving, investing, and understanding credit.
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Financial Literacy Fundamentals
Name:
Date:
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Read each question carefully and answer to the best of your ability. Show all your work for calculations.
1. Which of the following is NOT a common component of a personal budget?
Income
Expenses
Savings
Credit Score
2. What is the primary purpose of an emergency fund?
To buy luxury items
To pay for unexpected expenses
To invest in the stock market
To fund a vacation
3. The concept of 'paying yourself first' means prioritizing your before other expenses.
4. A diversified investment portfolio helps to reduce .
5. A high credit score can make it easier to borrow money at lower interest rates.
True
False
6. All investments guarantee a positive return on your money.
True
False
7. Explain the difference between a need and a want when creating a budget.
8. Describe one benefit of starting to save and invest early in life.
9. Which type of financial institution is typically owned by its members and operates on a non-profit basis?
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