Day 3 FI (Y7 &Y8) HR

Which of the following is a need?

• New smartphone

• Jacket

• Movie ticket

• Branded sneaker

Why is it important to save money before spending on wants?

• To buy more expensive things

• To impress friends

• To have money for emergencies

• To avoid budgeting

Which of these is an example of an impulse buy?

• Buying groceries with a list

• Waiting for a sale to buy shoes

• Setting a budget before shopping

• Buying a candy bar while waiting in line at the checkout counter

If you don’t track your spending, what might happen?

• You might save more money

• You could spend more than you have

• You will find more deals

• You will stop buying wants

What’s the first step in the 4 tips to shop smart? Choose the correct order.

• 1. 1. Plan a budget
     2. Use coupons and discounts

  2. 3. Make a list

  3. 4. Compare prices

• 1. 1. Make a list

  2. 2. Compare prices

  3. 3. Use coupons and discounts

  4. 4. Plan a budget

• 1. Use coupons and discounts

  1. 2. Compare prices

  2. 3. Make a list

  3. 4. Plan a budget

• 1. 1. Plan a budget
     2. Make a list
     3. Compare prices

  2. 4. Use coupons and discounts

( ) are things you must have.

( ) are things you would like to have.

Why is it important to know the difference between needs and wants?

• To buy more things

• To save all your money for wants

• To avoid spending money

• To prioritize spending on things necessary for daily life

Which of the following are two smart tips for shopping smart? Choose the best answer.

• Spend as much as you can now and save later

• Always buy everything on sale and borrow money

• Buy what your friends buy and avoid setting limits

• Make a list and set a budget

What is one smart spending habit you can practice in your daily life?

• Ignore prices and buy what you like

• Save money before buying wants and compare prices

• Spend all your money on things you want

• Buy things on impulse when you’re at the store