How Foster Parents Can Teach Independent Living Skills - Building A Healthy, Wealthy Future (Oh)
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- 1.
Teaching children how to ______________ money will help them the most in their financial future.
- A.
Save
- B.
Spend
- C.
Make
- D.
Manage
Correct Answer
D. Manage -
- 2.
SMART goals are
- A.
Specific, measurable, attainable, relevant and timed
- B.
Standard, memorized, actual, realistic and temporary
- C.
Written down
- D.
Short term and practical
Correct Answer
A. Specific, measurable, attainable, relevant and timed -
- 3.
Teaching youth about financial health does NOT include
- A.
Helping them to set financial goals
- B.
Help them to consider the impact of advertising on their purchasing decisions
- C.
Let them see your monthly household bills (cable, electric, internet...)
- D.
Letting them go on a spending spree to see how much things cost
Correct Answer
D. Letting them go on a spending spree to see how much things cost -
- 4.
The purpose of the ‘how much do I really cost’ exercise is to
- A.
Determine a ‘cost of care’ that you can submit to your agency for reimbursement
- B.
Help youth realize the routine costs involved in keeping a household
- C.
Help teach youth the cost and value of non-essential things they want
- D.
Show youth how you can spend more money than you make (i.e. using credit cards)
Correct Answer
B. Help youth realize the routine costs involved in keeping a household -
- 5.
Buying coffee on the way to work/school twice per week adds up to about
- A.
$1000/year
- B.
$500/year
- C.
$200/year
- D.
$750/year
Correct Answer
B. $500/year -
- 6.
It is important for children (and adults) to understand the difference between
- A.
Needs and wants
- B.
Cheap and bargain
- C.
Expensive and realistic
- D.
Supply and demand
Correct Answer
A. Needs and wants -
- 7.
The ‘bean’ game is used to teach
- A.
Budgeting
- B.
Counting
- C.
Cooking skills
- D.
Gardening
Correct Answer
A. Budgeting -
- 8.
Building a healthy financial future includes understanding advertising and media messages so you can keep spending under control.
- A.
True
- B.
False
Correct Answer
A. True -
- 9.
One way to help children learn the ‘cost’ of something they want is to have them learn
- A.
The number of hours you need to work to pay for it
- B.
Through counting beans
- C.
What a need or want is
- D.
The cost of producing and advertising the item
Correct Answer
A. The number of hours you need to work to pay for it -
- 10.
The best way to teach youth about financial health is to have conversations about money and spending/saving habits early and often.
- A.
True
- B.
False
Correct Answer
B. False -
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Apr 11, 2018Quiz Edited by
ProProfs Editorial Team -
Dec 01, 2015Quiz Created by
Qpicuyahoga
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