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Types of spending

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

What is something that is discretionary?

a)

Money that is supposed to go to savings.

b)

Something that is not needed or a "want".

c)

Something needed in order to live.

d)

Something that you have to save up for.

2.

What is an essential item or a "necessity"?

a)

Something you need to pay or buy in order to survive.

b)

Something you want to have.

c)

Something that cost too much.

d)

Something that is not necessary.

3.

What is a goal?

a)

Something that you have to pay every month.

b)

Money that you have left over after you pay your bills.

c)

Something you dream about but you can't afford.

d)

Something you want and you need to save up for.

4.

Which is an essential item or a 'necessity'?

a)

Iphone

b)

Food

c)

Comics

d)

Sticker

5.

Which is 'discretionary'?

a)

Comics

b)

Water

c)

Food

d)

Clothes

6.
Do not buy things that you cannot ___________
a)
need
b)
save
c)
afford
d)
want
7.
Pravin has a _____ to help him to spend wisely,
a)
save
b)
budget
c)
money
d)
food
8.

Select all the items that are essential.

a)

Rent

b)

Disneyland

c)

Garbage bill

d)

Health Insurance

e)

lottery tickets

9.

Select all the items that can be goals.

a)

Rent

b)

Buying a house.

c)

Saving for college.

d)

buying a car.

e)

Buying groceries

10.

Select all the items that are discretionary.

a)

dog food

b)

Jamba Juice

c)

gas for your car

d)

lottery tickets

e)

Starbucks