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Good Debt vs Bad Debt

Total questions: 12

Worksheet time: 5mins

Name
Class
Date
1.

WHICH ARE GOOD DEBT(S)?

Yang manakah jenis hutang yang baik?

a)

Student loan to study engineering

b)

BNPL for new sneakers

c)

Home loan for your first house

2.

WHICH ARE BAD DEBT(S)?

Yang manakah adalah hutang jahat?

a)

Borrow money to buy newest iPhone

b)

Business loan to start selling food online

c)

Personal loan for a holiday

3.

WHICH ONE ARE GOOD DEBT(S)?

Yang manakah adalah hutang baik?

a)

Borrow money for a skill course (coding, design, baking)

b)

Car loan for a job that requires travelling

c)

Car loan to impress friends

4.

WHICH ONE ARE BAD DEBT(S)?

Yang manakah adalah hutang jahat?

a)

Credit card and not paying in full

b)

Borrow money to buy equipment that helps you earn (camera, laptop)

c)

Borrow money to buy designer clothes

5.

"Bad debt becomes worse if you pay late."

a)

True

b)

False

6.

What is interest?

a)

Free money

b)

Extra cost you pay for borrowing

c)

Discount

d)

Reward

7.

What happens if you miss a BNPL payment?

a)

Nothing

b)

You get a discount

c)

You pay a late fee

d)

They cancel your BNPL account

8.

Which one has the highest interest?

a)

Personal loan

b)

Home loan

c)

Car loan

d)

Credit card debt

9.

"Using debt for wants is a bad financial habit."

a)

True

b)

False

10.

If you borrow RM1,000 and interest is 10%, how much extra do you pay?

a)

RM10

b)

RM50

c)

RM100

d)

RM200

11.

Which is the safest option?

a)

Paying the minimum on credit card

b)

Paying full amount every month

c)

Paying only interest

d)

Ignoring your bill

12.

What should you do before taking any loan?

a)

Borrow first, think later

b)

Check monthly payment + interest

c)

Listen to friends

d)

Follow trends