Teen's Tips for Being Money Smart

How are needs different from wants?

• Needs are essential for survival, while wants are not necessary

• Needs are things we desire, while wants are things we need

• Needs are things we need, while wants are things we desire

• Needs and wants are the same

Why is it important to make sure you can pay for your needs first?

• To have more choices as you grow up

• To avoid money mistakes

• To be smarter with money

• To save money for the future

What can happen if you spend too much or borrow more than you can pay back?

• You may struggle to pay your bills

• You may not be able to afford the training or education you need

• You may have a problem when it's time to pay the rent or buy food

• All of the above

What are some tips for being money smart?

• Have a plan for your money. Spend less than you make.

• Wait three days before buying something you want. You might change your mind.

• Learn about jobs you might like. Aim for one that pays enough.

• All of the above

Why is building money smarts when you're young important?

• It gives people more choices as they grow up

• It helps avoid money problems in the future

• It allows you to save money for important things

• All of the above

What evidence from the article could you use to support the idea that it is important for people to learn about money at a young age?

• The importance of paying for needs first

• The potential consequences of money mistakes

• The focus on teaching money management in schools

• All of the above

What are some ways you can help your friends and family learn about smart money habits?

• Share the tips from the article

• Encourage them to have a plan for their money

• Discuss the differences between needs and wants

• All of the above