Smart Money Management for Students

What is the main purpose of having a savings account?

• To spend money on entertainment

• To keep money safe and earn interest

• To pay off debts

• To buy groceries

If you save $10 every week, how much will you have saved after 4 weeks?

• $20

• $30

• $40

• $50

Which of the following is a good example of a short-term financial goal?

• Buying a house

• Saving for a new video game

• Planning for retirement

• Starting a business

If you want to save $100 in 10 weeks, how much should you save each week?

• $5

• $10

• $15

• $20

Why is it important to set financial goals?

• To spend money quickly

• To have a clear plan for saving and spending

• To avoid making a budget

• To borrow more money