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WorksheetsKick-start Your Saving Habit!
Total questions: 12
Worksheet time: 10mins
Which of the followings is the benefit(s) of saving?
Financial back-up
Preparation for retirement
Be financially independent
All of the above
Which of the following pairs of needs and wants is correct?
Needs - Desires for goods and services
Wants - Things we must have to survive
Needs - Luxury goods
Wants - Necessity goods
Needs - Things we must have to survive
Wants - Desires for good and services
Needs - Additional things in daily life
Wants - Basic things in daily life
Which of the following definitions is the most correct statement about savings?
Savings is defined as what is remaining after their current needs and wants have been satisfied.
Savings is defined as the portion of income not spent on current expenditures.
Savings is defined as the extra money that is used to buy luxury goods.
Savings is defined as the amount of money we keep in the bank.
The following options are the recommended way to track your money, EXCEPT :
Download a highly rated finance app.
Record the expenses of weekdays only.
Create a budget and make a list in a notebook or spreadsheet.
Set a budget in the beginning of every month.
The medical fees, school uniform, and rent are all refer to our _______.
Complex
Needs
Wants
None of the above
The best way to purchase a dream car or house, you will need
Gambling
Saving
Dreaming
None of the above
Which of the followings is the benefit of having a junior saving account?
I High returns
II Better money management
III Able to withdraw money at any time
IV Save for retirement
I & II
I & IV
II, III & IV
All of the above
Every week, James has pocket money of RM30, so he decided to save 20% of his pocket money in his piggy bank. Which of the following is the most recommended amount for James to save monthly? (assume there is 4 weeks in a month)
RM 6
RM 12
RM 18
RM 24
Which of the following is the requirement of a junior saving account?
18 years old and above
Below 21 years old
Below 18 years old
No age restriction
Which of the following is the method to cultivate saving habits among students?
Impulsive buying
Do investment
Get a part time job
Start big
Having a credit card increases one’s debt burden.
This statement is ________.
False
True
Which of the followings is the correct rule for saving?
70-20-10
50-30-20
60-20-20
80-10-10
