Financial Literacy Pre-Assessment Quiz

What is the best way to manage your money?

• Spend it all immediately

• Save a part of it and plan expenses

• Borrow more money to buy what you want

• Keep it all without spending

If you have €10 and you spend €4.50 on a toy, how much do you have left?

• €4.50

• €6.00

• €3.50

• €5.50

Which of these is the best example of budgeting?

• Writing a plan for how to spend and save money

• Buying everything you want right away

• Setting aside money for different needs before spending

• Spending first, then seeing how much is left

If you have €8 and you triple it, how much do you have?

• €16

• €30

• €32

• €24

What does it mean to invest money?

• Using money to buy things that grow in value

• Spending money on things that lose value quickly

• Hiding your money under a mattress

• Giving all your money away

What should you do if you want to buy something but don’t have enough money?

• Borrow money without a plan to return it

• Find a way to earn extra money and save up

• Wait and save more money

• Take money from someone without asking

What happens if you keep saving money over time?​ ​ ​ ​

• Your money disappears automatically
• You can never spend it
• You can afford bigger and more important purchases in the future

• Your money disappears automatically

Why is it important to compare prices before making a purchase? Write one reason.

What is the best way to make a smart financial decision?

• Compare prices and think about long-term benefits

• Spend money quickly before it runs out

• Never buy anything

• Always buy the cheapest option without thinking

If you have €15 and you buy a book for €7.50, how much money will you have left?

• €5.00

• €6.00

• €8.50

• €7.50