WorksheetsFinancial Literacy and Savings
Total questions: 10
Worksheet time: 5mins
What is the first step in saving money?
Spend first before saving
Save a small part of your income regularly
Borrow money from others
Wait until you are rich
Which of the following is a “want” and not a “need”?
Food
Water
Cellphone upgrade
Shelter
What is the safest place to keep your savings?
Piggy bank
Bank account
Wallet
Under the bed
Why is it important to track your expenses?
To see where your money goes
To spend more
To forget about money
To see your savings
What is the meaning of “live within your means”?
Spend only what you can afford
Spend more than your income
Always borrow money
Never save
Which of these is an emergency expense?
Buying new shoes
Paying hospital bills
Eating at a restaurant
Upgrading gadgets
If you earn ₱1000 and save 20%, how much do you save?
₱100
₱200
₱300
₱500
Why is it good to have a financial goal?
It helps you focus on saving
It makes you spend faster
It helps you borrow more
It wastes time
Two savings plans are offered: Plan A gives 2% yearly interest, Plan B gives 3% yearly interest. Both are safe. Which is better?
Plan A
Plan B
Both are the same
Keep money at home
Pack A: 8 pieces for ₱160. Pack B: 12 pieces for ₱240. Which is cheaper per piece?
Pack A
Pack B
Both are the same
Not enough information
