Lesson 7 Day 1 Saving and Investing

What does "saving" mean?

• Spending money on entertainment

• Putting money aside for future use

• Borrowing money from a bank

• Using money to buy groceries

Why might someone choose to keep their money in a savings account?

• To spend it quickly

• To keep it safe and earn a little bit of interest

• To avoid paying taxes

• To lend it to friends

Which of the following is a common reason to save money?

• Emergencies

• Shopping for groceries

• Watching movies

• Playing video games

Which of these is considered a long-term savings goal?

• Buying a car

• Going to a concert

• Eating at a restaurant

• Buying groceries

Why might someone save money for college?

• It is a long-term goal

• It is a short-term goal

• It is an emergency

• It is a daily expense

Which of the following is an example of an investment option?

• Buying groceries

• Real estate

• Paying utility bills

• Purchasing clothes

Why do people invest their money in assets?

• To lose money quickly

• To grow in value over time

• To spend it immediately

• To avoid all risks

What is the main goal of investing?

• To spend money quickly

• To hope that the money you put in will grow and be worth more in the future

• To hide your money

• To lose money over time

Which of the following is a long-term goal that investing can help you achieve?

• Buying groceries

• Going to the movies

• Home ownership

• Taking a short walk

Why might someone choose to invest their money instead of just saving it?

• To make their money grow and be worth more in the future

• To lose money quickly

• To avoid reaching any goals

• To spend money on unnecessary things