Personal Financial Literacy Worksheet
A worksheet for 6th graders to learn about personal financial literacy, including budgeting, saving, and smart spending.
Includes
Standards
Topics
Personal Financial Literacy
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Date:
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Read each question carefully and answer to the best of your ability. This worksheet will help you understand important concepts about managing your money.
1. What is the primary purpose of creating a budget?
To spend all your money quickly
To track income and expenses
To avoid saving money
To lend money to friends
2. What is the benefit of saving money regularly?
You will have less money to spend now
You can buy expensive things immediately
You can achieve financial goals later
It makes it harder to pay for necessities
3. Money earned from work or investments is called .
4. A plan for how you will spend and save your money is called a .
5. Spending money on things you want, but don't necessarily need, is often referred to as .
6. It is important to save all of your money and never spend any of it.
True
False
7. Wants are things you need to survive, like food and shelter.
True
False
8. Explain the difference between a 'need' and a 'want' and give an example of each.
Use the words below to complete the sentences.
9. My monthly are higher than my , so I need to adjust my spending.
10. I put a portion of my allowance into my account every week.