1. What does the idiom "born with a silver spoon in the mouth" mean?

• A) Being born into a poor family

• B) Having a silver spoon as a birth gift

• C) Being born with a silver spoon in the mouth

• D) Being born with a privileged life

2. What were Lily and David excited about?

• A) Counting their pocket money

• B) Spending their pocket money

• C) Setting up a budget

• D) Paying their bills

3. Why did their mom mention bills?

• A) To explain the concept of expenses

• B) To discourage them from spending their money

• C) To teach them about late fees

• D) To remind them of their financial responsibilities

4. What are bills?

• A) Regular expenses like electricity and water

• B) Extra money for late fees

• C) Pocket money for children

• D) Gifts from their mom

5. What can happen if bills are not paid on time?

• A) Late fees may be charged

• B) They will lose their pocket money

• C) They will become wealthy

• D) They will have more money to spend

6. How can they ensure they have enough money for bills and still have some left to spend?

• A) By setting up a budget

• B) By borrowing money from their mom

• C) By spending all their pocket money

• D) By saving their pocket money

7. What does a budget help them do?

• A) Plan how much money they need for different things

• B) Spend all their pocket money

• C) Buy expensive items

• D) Reach their goals without saving money

8. What did Lily and David realize about setting up a budget?

• A) They could have money for both their needs and wants

• B) They could only have money for their needs

• C) They could spend all their pocket money

• D) They didn't need to save money

9. Does the idiom "born with a silver spoon in the mouth" reflect a person's character or abilities?

• A) No, it only refers to their circumstances at birth

• B) Yes, it reflects their character and abilities

• C) It depends on the person's actions

• D) It depends on their family's wealth

10. What were Lily and David initially unaware of?

• A) The concept of bills and expenses

• B) The importance of saving money

• C) The need to set up a budget

• D) The meaning of the idiom "born with a silver spoon in the mouth"