Recap Day 2 HR FI (Y7&Y8)

A money management plan helps you track your __________ and how much you are spending each month.

• income

• expenses

• friends

• bank

You can purchase a ticket to an event, but you cannot buy the __________ that comes from the experience.

• Friendship

• House

• Happiness

• Movie Ticket

Money can buy things, but it cannot buy __________.

• Food

• badminton racket

• games

• time

What is the first step in adopting the power of saving strategies?

• Create a saving plan

• Set a saving goal

• Choose your saving method

• Stay disciplined

Why is it important to have a saving goal?

• It helps you spend more money

• It increases your expenses

• It provides a target to aim for

• It makes you forget about saving

What does "Practice 'one' less" mean in saving strategies?

• Spend more money than usual

• Buy one more item on your list

• Ignore your budget

• Skip one small purchase each week

Why is discipline important in saving money?

• It helps you spend all your money quickly

• It makes saving less enjoyable

• It encourages you to waste your savings

• It allows you to stick to your saving plan.

Which of the following is a good saving method?

• Spending money on unnecessary items

• Ignoring your savings

• Keeping all your money in cash at home

• Opening a dedicated savings account

Having a money plan helps you know where your money is going ! (Choose answer True / False)

• True

• False

What does money fail to purchase?

• A good education in school

• Nice clothes

• Nice shoes

• Time