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Saving & Budgeting

Total questions: 8

Worksheet time: 5mins

Name
Class
Date
1.

What is a budget?

a)

A calendar to plan your activities

b)

A type of savings account

c)

A new app

d)

A plan for spending and saving

2.

You are trying to determine if something is a Need or a Want to prioritize in your budget, which question will be most helpful.

a)

Do my friends have this?

b)

How happy will this item make me

c)

Will I look cool if I buy this?

d)

Will something bad happen if I don't have this?

3.

Why should I save money?

a)

Feels good to see a lot of money in my account

b)

Helps tackle hurdles of life

c)

So that I can buy new phones and games

d)

So that I can go for a costly vacation

4.

What is an important part of saving & budgeting?

a)

Having a savings account

b)

Knowing your financial goals

c)

Partying!!

5.

Buy only things you (a)  

6.

Don't borrow money for a

a)

Want

b)

Need

7.

Save money for a

a)

iPhone

b)

Rainy day

c)

car

d)

parties

8.

Don't buy things that

a)

are cheap

b)

you cannot afford

c)

are a need