WorksheetsPage 1
Total questions: 16
Worksheet time: 12mins
Which topic is the main focus of this lesson page?
Finance, budgeting and employment
Cooking and nutrition tips
Art history and painting styles
Geography and world climates
Which term best fits: Looking after and managing money?
Financial responsibility
Financial competence
Financial understanding
Values
A student opens a bank account to deposit allowance and pay for a school trip. Which key word applies most?
Financial responsibility
Financial competence
Financial understanding
Values
Which spending choice is most likely a need rather than a want?
Upgrading a social media app
Eating at a burger restaurant
Wireless earbuds with case
Basic clothing like a shirt
Which step is most helpful when starting a simple budget?
Ignore irregular expenses entirely
List all income and regular bills
Borrow money before tracking costs
Estimate with no records or receipts
If a university student gets a set amount of money each month, what strategy best manages money?
Spend most in the first week
Use credit for every purchase
Divide funds by rent, food, travel
Ignore fees until the semester ends
Niala shares a rented flat. Which category best describes this living situation cost?
Transportation expense
Education expense
Entertainment expense
Housing expense
What is a debit card?
A card using money in your account
A card only for online shopping
A card that always borrows funds
A card for paying taxes yearly
Which reason is best for making a budget?
To stop all fun activities
To increase taxes you pay
To avoid using any money
To plan spending and saving
Fill in the blank: As soon as you (a) money, you are in debt until you pay it back in full including interest.
What starts the problems with borrowing according to the material?
Using cash only
Ignoring credit offers
Missing agreed repayments
Changing bank accounts
Which item is a form of borrowing often used to buy goods from a catalogue over time?
Mail order catalogue
Receipt
National lottery
Tax
What is the main benefit of tracking your expenses regularly?
It allows you to ignore bills
It makes budgeting impossible
It helps you spend more than you earn
It helps you identify areas to save money
Which action shows financial responsibility?
Paying bills on time
Spending all your money immediately
Ignoring your bank statements
Borrowing without a plan to repay
What is the purpose of separating needs from wants in a budget?
To spend more on entertainment
To prioritize essential expenses
To increase your debt
To avoid saving any money
Christie makes changes to her budget at the end of every month. What is her reason for doing this in terms of smart financial planning?
She is not satisfied with the monthly budget outcome.
Her needs keep changing, so she changes her monthly budget.
She is reviewing her goals and aligning the budget to work toward them.
She keeps changing her mind about her goals.
