Financial Responsibility

What does financial responsibility mean?

• Spending all your money now

• Saving, budgeting, and spending wisely

• Giving money away only

• Ignoring money

Which of these is a need?

• Ice cream

• Water

• Video game

• Toy car

Which of these is a want?

• Food

• School books

• Toy

• Clothes

You get 50 AED. You decide to save 20 AED, spend 20 AED, and give 10 AED to a friend. What are you practicing?

• Impulse buying

• Financial responsibility

• Ignoring money

• None of these

Why is budgeting important?

• To spend all your money at once

• To plan how to use money wisely

• To share money randomly

• To avoid using money

If you want to buy a toy but also save for a book, what should you do?

• Spend all money on toy

• Save some and spend some

• Don’t save at all

• Ask someone else to buy it

Which of these is a smart saving habit?

• Which of these is a smart saving habit?

• Which of these is a smart saving habit?

• Which of these is a smart saving habit?

• Borrow from friends all the time

Which choice shows responsible spending?

• Buying candy every day

• Comparing prices before buying

• Buying the most expensive item always

• Ignoring costs

Needs should be spent on

• After wants

• Only when bored

• First, before wants

• Never

Saving money helps you:

• Achieve future goals

• Spend more quickly

• Waste money

• Forget about money