PSHE YEAR 3 (MONEY MATTER QUIZ)

What happen when people can't afford to pay for what they want or what they need? [2 marks]

• use credit card

• borrow from the bank

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What does it mean to 'borrow' something?

• It means we can get something and make it our own.

• We are only loaned it temporarily. When we borrow something we will need to give it back.

• We get it and don't have to return it back.

Classify the bad and good way of spending money. [4 marks]

Groups:

(a) Good

,

(b) Bad

• buy foods and drinks

• buy RM 1000 toys for no reason

• gambling

• saving

What will happen if people cannot afford the repayments on the money that has been borrowed?

• the debt will become unimaginable and can cause distress and worry

• they need to borrow more money to pay

• they will feel nothing and continue to borrow money

The ​ (a)   debt can cause bad effect to someone's life. People should plan to​ (b)   their debt.

• unmanageable
• manageable
• pay off

What choice do we have about spending money?

• spend on something we need and want

• spend on something unnecessary and enjoy the money

• spend on things that we want and we like only

What is budget?

• budget means we list down all our wants so we can buy everything

• budget means we not consider the need of something then we can use the money to buy what we want

• budget means we consider how much money is coming in and what we need to spend money on over a certain time

​ ​ (a)   spending is when we spend money on products that have been produced without​ (b)   to others or to the​ (c)  

• Ethical
• harm
• environment
• Mythical

Organize these options into the right categories

Groups:

(a) NEED

,

(b) WANT

• 
• 
• 
• 
• 
• 
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In your opinion, is it important to manage your money wisely and avoid debt if possible?

• Yes

• No