Personal Finance Worksheets - PDF

							Name _______________________            Class ____________

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     WHAT CAN I DO NOW (in ____ Grade)
   TO LEARN ABOUT PERSONAL FINANCE?

Listed below are five things I can be doing now to help me
learn about personal finance.

1. __________________________________________

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2. __________________________________________

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3. __________________________________________

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4. __________________________________________

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5. __________________________________________

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                    WHAT CAN I DO
                                 NOW
           ABOUT PERSONAL FINANCE?
                     Teacher Answer Sheet
<   Pay attention to money that you earn, save, or spend.
<   Start preparing for a career you will like.
<   Make a financial plan including a budget.
<   Don’t spend more than you have.
<   Be happy with what you can afford.
<   Ask parents, teachers, and financial professionals to help
    you understand personal finance.
<   Volunteer or run for office to be a Treasurer of a club or
    organization.
<   Plan to take courses in high school that will teach you
    about money management.
<   Form good habits such as organization, punctuality, pride
    in your work, etc. (These habits will help determine how well
    you handle your finances.)
                     I WONDER WHY
                          No. 1

It is a fact that you cannot spend more than you earn. Even if
you get a loan or credit, you still have to pay. Credit cards are
being offered by hundreds of companies to almost anyone.
Why do some people choose to go so far into debt if, over
time, they end up paying for their purchase plus interest?

Hints

1. If you want something, you should have it immediately.

2. Credit cards come in different colors.

3. If the amount of money you have to spend is limited, you

   have to make choices about how to spend it.

4. Making late payments or skipping payments on a loan will

   affect your future ability to borrow money.

5. Almost all Americans pay for their homes by obtaining a

   loan.

6. There are usually good sales after Christmas.

7. If you fail to pay back a loan, it only affects you.

8. A savings account usually pays interest on the principal

   amount.
          WHAT IS YOUR EXPLANATION?
The BIG 5 of Economics used in coming to this conclusion:

(Write the number(s)_____________________________________

Hints that mattered in coming to a conclusion:

(Write the number(s)_____________________________________

Write a short explanation below.

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                      I WONDER WHY
                          No. 2

Most students have been educated about being responsible
for selecting healthy foods, yet they continue to eat a lot of
junk food and very little fruits, grains, and vegetables. Why
do some students eat foods that are not healthy?

Hints

1. Fruits and vegetables are difficult to carry to school.

2. My school is located in Utah.

3. Junk food tastes better than any other food choice.

4. The price of fruits and vegetables varies.

5. High-grain cereals are sold on the same aisle as high-sugar

     cereals.

6. Health damages done by junk food rarely show up right

     away, so why worry?

7. Junk food is advertised more than healthy food.

8.   People do not have unlimited budgets for food.
            WHAT IS YOUR EXPLANATION?
The BIG 5 of Economics statements used in coming to this conclusion:

(Write the number(s)_____________________________________

Hints that mattered in coming to a conclusion:

(Write the number(s)_____________________________________

Write a short explanation below.

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            Think About These And
            Write Your Answers:
1. The best economic decision I ever made with my limited
   income is . . .




2. Some decisions are difficult because . . .




3. Identify the costs, benefits, and consequences of
   completing high school.