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Life Literacy - Financial Literacy

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What does it mean to save money?

a)

Spending money immediately

b)

Putting money away for use in the future

2.

Where should you put your saved money?

a)

Where there is very little risk

b)

Where there is a lot of risk

3.

Why should we save money?

a)

To spend it all right away

b)

To keep it for later

4.

What is the purpose of the weekly savings chart?

a)

To keep track of how much money you save.

b)

To keep it for laterTo keep track of how much money you spend.

5.

How to save money successfully?

a)

Spend all your money immediately.

b)

Put your money away for use in the future.

6.

What is the main learning of this lesson?

a)

Spending money.

b)

Saving money.

c)

Giving up things today.

7.

Saving for the future means giving up things today.

a)

True.

b)

False.

8.

What are some examples of how saving for the future means giving up things today?

a)

Not buying candies and video games.

b)

To eat healthy food.

9.

What are some different ways of saving money?

a)

A. Saving money in a piggy bank.

b)

B. To keep track of how much money you spend.

c)

Both A and B.

10.
  1. What is a need?

a)

Something that is not necessary

b)

Something that is necessary for survival

c)

Something that is expensive