WorksheetsRapid-Fire Financial Decisions
Total questions: 6
Worksheet time: 3mins
You are a 1st year high school student and you get ₱5,000 for your birthday. Do you:
A) Spend it all on new shoes?
B) Put ₱4,000 toward future tuition and buy the shoes with the rest?
C) Put it all into a long-term investment?
A friend suggests an expensive dinner, but your weekly dining budget is spent. What's the financially wise alternative?
A) Go anyway and use your savings.
B) Suggest cooking at your place or theirs instead.
C) Tell your friend you're busy and stay home.
Your goal is to save ₱10,000 for a trip in 5 months. How much must you set aside monthly?
A) ₱1,500.
B) ₱2,000.
C) ₱2,500.
You get an email from your bank asking you to click a link to "verify your account details" or it will be closed. This is a common form of what?
A) Identity Theft.
B) Phishing.
C) Account Verification.
Which of the following is the most effective and financially healthy strategy for avoiding consumer debt, like credit card balances?
A.
Using a credit card for all purchases to earn rewards, but only paying the minimum required balance each month.
B.
Taking out a personal loan for large purchases to get a lower interest rate than a credit card.
C.
Waiting to purchase non-essential items until you have saved the cash to pay for them entirely.
D.
Refusing to use credit cards altogether, even for monthly bills.
In the context of personal financial risk management, what is the primary role of an insurance policy (such as home, auto, or health insurance)?
A.
To serve as a high-return investment for future retirement income.
B.
To guarantee that you will never experience a financial loss from an accident or illness.
C.
To allow you to transfer the risk of a major, unpredictable financial loss to another party (the insurance company) in exchange for regular payments.
D.
To fully cover the cost of all minor, everyday expenses and problems without any out-of-pocket costs.
