Money Management Quiz

When you save money in your piggy bank, your savings will (grow):

• Decrease

• Increase

• Stay the same

• Be spent

If you spend money, the amount of money you have will: (example spending money at Target)

• Grow

• Decrease

• Double

• Stay the same

Money you decide to spend ahead of time is called:

• Unplanned Spending

• Credit

• Planned Spending

• Income

Money you spend without deciding ahead of time is called:

• Planned Spending

• Savings

• Unplanned Spending

Borrowing money that you have to pay back later is called:

• Credit

• Income

• Expense

• Donation

Keeping your money to use later is called:

• Donating

• Spending

• Saving

• Labor

Giving money, time, or items to help others is called:

• Saving

• Donating

• Spending

• Borrowing

When I keep my money for later, I am:

• Saving

• Spending

• Donating

• Borrowing

Getting in a car accident and having to buy a new car is an example of:

• Planned Spending

• Unplanned Spending

• Saving

• Credit

If something costs a lot of money, it is:

• Cheap

• Expensive

• Borrowed

• Saved