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Financial Responsibility

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

What does financial responsibility mean?

a)

Spending all your money now

b)

Saving, budgeting, and spending wisely

c)

Giving money away only

d)

Ignoring money

2.

Which of these is a need?

a)

Ice cream

b)

Water

c)

Video game

d)

Toy car

3.

Which of these is a want?

a)

Food

b)

School books

c)

Toy

d)

Clothes

4.

You get 50 AED. You decide to save 20 AED, spend 20 AED, and give 10 AED to a friend. What are you practicing?

a)

Impulse buying

b)

Financial responsibility

c)

Ignoring money

d)

None of these

5.

Why is budgeting important?

a)

To spend all your money at once

b)

To plan how to use money wisely

c)

To share money randomly

d)

To avoid using money

6.

If you want to buy a toy but also save for a book, what should you do?

a)

Spend all money on toy

b)

Save some and spend some

c)

Don’t save at all

d)

Ask someone else to buy it

7.

Which of these is a smart saving habit?

a)

Which of these is a smart saving habit?

b)

Which of these is a smart saving habit?

c)

Which of these is a smart saving habit?

d)

Borrow from friends all the time

8.

Which choice shows responsible spending?

a)

Buying candy every day

b)

Comparing prices before buying

c)

Buying the most expensive item always

d)

Ignoring costs

9.

Needs should be spent on

a)

After wants

b)

Only when bored

c)

First, before wants

d)

Never

10.

Saving money helps you:

a)

Achieve future goals

b)

Spend more quickly

c)

Waste money

d)

Forget about money