Evaluation of My Classroom Economy Program

Student Personal Finance Follow Up Survey

Questions About Money Management, Talking About Money and Your Future

1.

For each question, check the best answer for you:

Not at all

A little

Somewhat

Very

Extremely

a.

How good are you at making decisions about how to spend your money?

b.

How good are you at keeping track of what you spend your money on?

c.

How hard is it for you to avoid spending any money you have right away?

d.

How important is it to keep track of how much money you earn and spend using a budget?

2.

For each question, check the best answer for you:

Not at all

A little

Somewhat

Very

Extremely

a.

How useful is what you learn in math?

b.

How well do you expect to do in math this year?

c.

How likely are you to stop and think about something before you do it?

d.

How confident are you about making decisions that deal with money?

3.

For each question, check the best answer for you:

Never

Rarely

Sometimes

Often

Very often

a.

How often do you set goals for yourself?

b.

How often do you set goals for the next few days for what you want to achieve?

c.

How often do you have a plan for how your free time will be used in the next few days?

4.

For each question, check the best answer for you:

Never

Rarely

Sometimes

Often

Very often

a.

How often do you ask yourself if you really need something before you buy it?

b.

How often do you have a plan for how you will spend money?

c.

How often does your family talk about how you spend money?

d.

How often do you talk to your family about financial issues?

5.

For each question, check the best answer for you:

Never

Rarely

Sometimes

Often

Very often

a.

Some kids think that saving money is only for adults. How often do you think that way?

b.

If they had a chance, some people would go through life without ever working. How often do you think that way?

c.

How often do you feel in control over how your future will turn out?

d.

How often do you pay attention in class?

6.

For each question, check the best answer for you:

Not at all

A little

Some

Quite a bit

A lot

a.

How much have your teachers taught you about how to manage your money?

b.

How much has your family taught you about how to manage your money?

c.

How much do you think it is a good idea to save money?

d.

Before making a choice, how often do you tend to think about the good things and the bad things about the choice?

7.

For each question, check the best answer for you:

Not at all

A little

Some

Quite a bit

A lot

a.

How much do you like to own things that impress people?

b.

How much would you rather save money for a rainy day than spend it now on something fun?

c.

How much better does it make you feel to have your free time planned out for the next few days?

A Money Quiz

	8.			Maria wanted to buy a fancy notebook for school and save her money to buy a computer. Maria decided to buy a plain notebook that is less expensive so she can save more money for the computer. Maria’s decision is an example of…
					…paying interest
					…depositing money
					…making a tradeoff
					…choosing a service
					…don’t know or not sure

	9.			Peter just found a job that pays $2,000 per month. He must pay $1,000 for rent and $600 for everything else he needs. How long will it take him to save $800?
					1 month
					2 months
					3 months
					4 months
					Don’t know or not sure

	10.			Which is closest to the cost of one ticket to a newly released movie at a regular movie theater?
					$1
					$10
					$50
					$75
					$100
					Don’t know or not sure

	11.			The Millers have $750 in income, and $800 in expenses this month. They are saving money this month.
					True
					False
					Don’t know or not sure

	12.			Which is closest to what one week’s worth of groceries cost for a family of 4?
					$5
					$20
					$200
					$1,000
					$10,000
					Don’t know or not sure

	13.			A plan for spending your money is called a...
					…budget
					…stock
					…credit
					…balance
					…don’t know or not sure

	14.			Stacy has $250. She wants to buy a nice backpack for $100 and buy a new tablet for $200. She decided to buy a simple $50 backpack. Stacy must have decided it was more important for her to have a nicer backpack than a tablet.
					True
					False
					Don’t know or not sure

	15.			Suppose you have $100 in a bank account that pays an interest rate of 10% per year. How much would you have in this bank account at the end of 2 years if leave your account alone?
					Exactly $102
					Exactly $120
					Less than $120
					More than $120
					Don’t know or not sure

	16.			David has to pay $750 in rent for his apartment this month, but only has $500 in income. What should he do?
					Put $250 into savings
					Borrow $250
					Not pay his rent
					Don’t know or not sure

	17.			Janet sets up a lemonade stand to sell drinks at the park. She paid $3 for sugar, $4 for fresh lemons, and $3 for cups. Jane made $12 in revenue from selling lemonade. How much profit did Janet make?
					$1
					$2
					$3
					$4
					$12
					Don’t know or not sure

	18.			Imagine you have to pay $2 per week to use your desk at school, but you also have the option to buy the desk for $35 and never pay per week again. If there are 15 weeks left in the school year, is it a good idea to purchase the desk if you have $35 you can use to buy your desk today?
					Yes
					No
					Don’t know or not sure

	19.			People who own things may earn money by renting them to other people.
					True
					False
					Don’t know or not sure

	20.			Sandy had $50 in her checking account. She made a withdrawal of $10 and a deposit of $20. What is Sandy’s balance in her checking account?
					$10
					$20
					$50
					$60
					Don’t know or not sure

About You

21.

For each question, check the best answer for you:

Yes

No

Don’t know or not sure

a.

In the last month, have you received an allowance?

b.

In the last month, have you gotten money from a job?

c.

In the last month, have you gotten money from your family for doing chores?

d.

Do you currently have a bank account in your own name?

e.

In the last month, have you received spending money or money as a gift?

f.

Do you make your own decisions about how to spend your money?

The My Classroom Economy Program

	22.		How many times did students in your class have a chance to buy items from the classroom store?
				None
				1 or 2
				3 to 5
				6 or more

	23.		How many times did you buy something from the classroom store?
				Never
				1 or 2
				3 to 5
				6 or more

	24.		How many times were you not allowed to participate in the classroom store because you were behind on paying rent for your desk?
				Never
				1 or 2
				3 to 5
				6 or more

	25.		How much do you think you paid in fines?
				$0
				$1 to $50
				$51 to $100
				$101 to $500
				More than $500

	26.		How much do you think you earned in bonuses?
				$0
				$1 to $50
				$51 to $100
				$101 to $500
				More than $500

	27.			How much do you currently have in your MCE account?
			$		.00	MCE account balance

	28.		Do you own your desk or rent it?
				Own
				Rent

FU - T

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