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Lesson 2 Post Test Needs and Wants Quiz

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What is an example of a need?

a)

Candy bar

b)

Movie ticket

c)

Water

d)

Toy robot

2.

What is a want?

a)

Something you must have to live

b)

Something you'd like but can live without

c)

A type of coin

d)

Something free

3.

Why should you learn to tell the difference between needs and wants?

a)

So you can make smart money choices

b)

To impress your friends

c)

So you can shop more often

d)

So you can save less

4.

What is smart spending?

a)

Spending without thinking

b)

Spending on sales only

c)

Spending money carefully and wisely

d)

Spending every dollar

5.

What should you do before buying something?

a)

Buy it right away

b)

Think if it's a need or want

c)

Spend all your money

d)

Ask your friend

6.

What is a good way to find the best deal when shopping?

a)

Guessing the price

b)

Buying from the same store every time

c)

Looking at prices in different places to find the best deal

d)

Spending quickly

7.

If a toy is on sale but you didn't plan to buy it, what should you do?

a)

Buy it anyway

b)

Think if it fits your budget and goals

c)

Tell your friend to buy it

d)

Take two just in case

8.

What is a good way to spend money wisely?

a)

Create a spending plan or budget

b)

Buy as much as you can at once

c)

Let someone else spend it

d)

Use all your money for fun

9.

Why is saving some money each time you get paid a smart habit?

a)

So you don't have money to lose

b)

To buy candy later

c)

To build up savings for goals or emergencies

d)

To hide your money

10.

When you think before spending, what are you practicing?

a)

Smart spending

b)

Wasting time

c)

Avoiding shopping

d)

Saving by mistake