Personal Financial Literacy Worksheet
This worksheet covers fundamental concepts of personal financial literacy, including budgeting, saving, investing, and debt management, suitable for 9th-grade students.
Includes
Topics
Personal Financial Literacy
Name:
Date:
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Read each question carefully and provide your best answer. This worksheet will test your understanding of personal financial literacy concepts.
1. Which of the following is generally considered a fixed expense?
Groceries
Rent
Entertainment
Utilities (variable usage)
2. What is the primary purpose of a budget?
To track your credit score
To eliminate all spending
To manage your income and expenses
To invest in the stock market
3. The money you earn from work is called .
4. A is a plan for how you will spend and save your money.
5. Putting money aside for future use is known as .
6. A high credit score makes it harder to borrow money.
True
False
7. Investing your money always guarantees a profit.
True
False
8. Briefly explain the difference between a need and a want in terms of personal finance.
9. List two benefits of saving money regularly.
Match each term on the left with its definition on the right.
10. Compound Interest
a. Money owed to another party
11. Diversification
b. Earning interest on interest
12. Debt
c. Spreading investments across various assets to reduce risk
Use the words below to complete the sentences.
13. Your is a number that represents your creditworthiness.
14. Money spent on goods and services are called .
15. An is an asset or item acquired with the goal of generating income or appreciation.
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