WorksheetsSmart Shopping for Future Success
Total questions: 10
Worksheet time: 5mins
What is a budget?
A plan for spending and saving money
A list of things you want to buy
A type of bank account
A shopping list
Which of the following is an example of a need?
A new video game
Food and water
A smartphone
A designer handbag
What is the first step in creating a budget?
Buying everything you want
Listing your income and expenses
Saving all your money
Borrowing money from friends
Which of the following is a smart shopping strategy?
Buying items on impulse
Comparing prices before purchasing
Shopping without a list
Ignoring sales and discounts
What is the difference between a need and a want?
Needs are things you can live without; wants are essential
Needs are essential for survival; wants are not necessary
Needs are more expensive than wants
Needs are always cheaper than wants
Which of the following is a good way to save money while shopping?
Buying items at full price
Using coupons and discounts
Shopping at the most expensive stores
Ignoring your budget
What should you do if you want to buy something but it's not in your budget?
Buy it anyway
Save up for it
Borrow money to buy it
Forget about it
Which of the following is an example of a want?
Medicine
A new bicycle
Shelter
Clothing
Why is it important to distinguish between needs and wants?
To ensure you spend all your money
To prioritize spending on essentials
To buy more luxury items
To avoid making a budget
What is one benefit of making a shopping list before going to the store?
It helps you buy more items
It ensures you only buy what you need
It makes shopping more expensive
It takes more time to shop
