MONEYMINDED

What is your attitude toward money? I am a....

• Worrier

• Thrifty spender

• Risk taker

• Master

What is the difference between a need and a want?

Answer explanation

NEED = necessary expenses

WANT = optional expensese

Is buying a coffee a spending leak?

• YES

• NO

• MAYBE

What is a SMART goal? S....... M....... A........ R......... T.........

1. What is the MAIN purpose of creating a budget?

• 1. Track how much money you make.

• 1. Limit your spending on unnecessary things

• 1. Allocate your income towards needs, wants, and savings

• 1. Impress your friends with your financial knowledge.

Which bank account is for expenses?

• Transaction account

• Savings account

• Online account

• Term Deposit

1. Debt is only dangerous if you can't afford your basic necessities like housing and food.

• TRUE

• FALSE

Which card has your own money?

• Debit card

• Credit card

What are the risks of using the credit cards?

• Weak security

• Overspending

• Hidden Fees

• Theft

Your superannuation is important because it gives you....

(pick 3 right answers)

• Tax advantages

• Insurance

• Lots of interest

• Security