WorksheetsMoney Management
Total questions: 10
Worksheet time: 5mins
A _______________ is process of .preparing a spending plan.
List
Budget
Guide
File
Which of the following is not a reason for having a budget?
To show off your wealth
To save for personal needs
To use for emergency
For retirement plans
Which of the following is a common contactless payment in Singapore?
Cash
Debit card
Cheque
Paywave
Which of the following is an acceptable mode of payment in a wet market?
Credit card
Debit card
Cash
Nets
What is the disadvantage of paying by cash?
Not accepted at all stores
Late payment charges
Currency cannot be used overseas
Need to tup up value
Which of the following method of payment is suitable for online purchases?
Credit card
Cheque
Cash
Cash Value Card
Why is frequent purchases using credit card not encouraged?
Heavy to carry around
Not accepted at all stores
May lead to bankruptcy
Need to top up card
Determine which of the following is not a need.
Car
Food
House
Medical needs
_______________ are desires for goods and services we would like but do not need, and can do without.
Needs
Wants
Budget
Taxes
How do we use credit responsibly?
Spend whenever there is a sale on going
Avoid saving money
Keep track of amount spent
Pay the minimum amount for our credit card
