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Teenage Money Saving Quiz

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

What is one way for teenagers to save money?

a)

Buy expensive clothing

b)

Get a summer job

c)

Shop impulsively

d)

Party unnecessarily

2.

What is the benefit of having a savings account for a teenager?

a)

It restricts them from saving money

b)

It helps in keeping track of cash outflow

c)

It has no impact on their spending habits

d)

It allows them to spend all their money easily

3.

What is the importance of having a goal for saving money as a teenager?

a)

It motivates them to spend more

b)

It helps in planning out the 'how' of saving

c)

It encourages them to use their saved up amount

d)

It has no impact on their saving habits

4.

What is the benefit of using a savings app for teenagers?

a)

It makes them spend more money

b)

It discourages them from saving money

c)

It helps in setting a savings goal

d)

It has no impact on their saving habits

5.

What is a traditional method of saving money for teenagers?

a)

Giving money to friends for safekeeping

b)

Keeping all cash in one account

c)

Getting a safe with one key

d)

Using a savings app

6.

What is one way for teenagers to earn extra money?

a)

Spending all their money on unnecessary purchases

b)

Not making good use of their Instagram

c)

Blogging and becoming an Instagram influencer

d)

Avoiding any kind of work

7.

What is the downside of partying unnecessarily for teenagers?

a)

It helps in saving money

b)

It leads to impulse buying

c)

It encourages responsible spending

d)

It has no impact on their spending habits

8.

What is the benefit of having a student ID for teenagers?

a)

It makes them spend more money

b)

It allows them to get discounts at various places

c)

It discourages them from saving money

d)

It has no impact on their spending habits

9.

What is the drawback of shopping impulsively for teenagers?

a)

It helps in saving money

b)

It leads to buying weird stuff for social media content

c)

It encourages responsible spending

d)

It has no impact on their spending habits

10.

What is the benefit of getting clever with earning for teenagers?

a)

It has no impact on their spending habits

b)

It discourages them from saving money

c)

It makes them spend more money

d)

It helps in saving money

11.

What is the downside of not having a savings account for teenagers?

a)

It helps in keeping track of cash outflow

b)

It makes them spend all their money easily

c)

It has no impact on their spending habits

d)

It restricts them from saving money

12.

What is the importance of not shopping impulsively for teenagers?

a)

It has no impact on their spending habits

b)

It helps in saving money

c)

It leads to impulse buying

d)

It encourages responsible spending

13.

What is the benefit of having a goal for saving money as a teenager?

a)

It has no impact on their saving habits

b)

It encourages them to use their saved up amount

c)

It motivates them to spend more

d)

It helps in planning out the 'how' of saving

14.

What is the importance of taking the aid of a good app for teenagers?

a)

It makes them spend more money

b)

It helps in setting a savings goal

c)

It discourages them from saving money

d)

It has no impact on their saving habits

15.

What is the benefit of getting a safe with one key for teenagers?

a)

It has no impact on their spending habits

b)

It makes them spend more money

c)

It helps in saving money

d)

It discourages them from saving money