Saving and spending

1.     If you save your money now, you will have more money to spend later.

• Yes

• No

     Part of your saved money can be used to buy things now.

• Yes

• No

A written spending plan is the best way to manage an allowance.

• True

• False

Everyone has the same spending plan.

• True

• False

My spending plan must remain the same for an entire year.

• True

• False

Giving to a charity can be part of my spending plan.

• True

• False

Changes can be made in my written spending plan

• Only once a week

• Only once a month

• every six months

• As my needs change

Saving provides money for

• Emergency expenses

• Unplanned expenses next year

• Expenses in five years

• All of the above

A spending plan can be made by

• Keeping a diary of expenses

• Asking a friend to make it for you

• Deciding what to purchase when you go to the store

• Checking how much money is in your pocket

Which of the following is NOT a spending plan category

• Transportation

• Entertainment

• Candy bars

• Clothing