WorksheetsRecap Day 2 HR FI (Y7&Y8)
Total questions: 15
Worksheet time: 8mins
A money management plan helps you track your __________ and how much you are spending each month.
income
expenses
friends
bank
You can purchase a ticket to an event, but you cannot buy the __________ that comes from the experience.
Friendship
House
Happiness
Movie Ticket
Money can buy things, but it cannot buy __________.
Food
badminton racket
games
time
What is the first step in adopting the power of saving strategies?
Create a saving plan
Set a saving goal
Choose your saving method
Stay disciplined
Why is it important to have a saving goal?
It helps you spend more money
It increases your expenses
It provides a target to aim for
It makes you forget about saving
What does "Practice 'one' less" mean in saving strategies?
Spend more money than usual
Buy one more item on your list
Ignore your budget
Skip one small purchase each week
Why is discipline important in saving money?
It helps you spend all your money quickly
It makes saving less enjoyable
It encourages you to waste your savings
It allows you to stick to your saving plan.
Which of the following is a good saving method?
Spending money on unnecessary items
Ignoring your savings
Keeping all your money in cash at home
Opening a dedicated savings account
Having a money plan helps you know where your money is going ! (Choose answer True / False)
True
False
What does money fail to purchase?
A good education in school
Nice clothes
Nice shoes
Time
True __________ cannot be purchased with money; it is built through trust and loyalty.
Life
Friendship
Time
Money
Money can buy a luxurious lifestyle but cannot guarantee personal happiness.
True
False
While money can pay for a doctor, it cannot guarantee __________.
Appointments
Treatments
Medicine
Health
What happens if you don't have a money management plan?
You will save more money
You may struggle to pay bills and meet financial goals
You will have better control over your finances
You will always know where your money goes
What should you do regularly to ensure your money management plan is effective?
Avoid setting new goals
Ignore your expenses
Review and adjust your budget
Spend without tracking
