Year 5 Saving ,Spending and Sharing

You have to pay to open a bank account.

• True

• False

A 'student banking account' is only for those below 12 years old.

• True

• False

Your parents can save money in your account when you are a baby.

• True

• False

Interest is the extra money you get when you save in a bank

• True

• False

Only a few people can open a bank account.

• True

• False

You will get more interest when you save for a longer time.

• True

• False

Below are the "3S Principle" except...

• Surfing

• Saving

• Sharing

• Spending

What is the meaning of Saving?

• have a portion of (something) with another or others

• put some of your money aside for future needs.

• give (money) to pay for goods, services or so as to benefit someone or something

• a current medium of exchange in the form of coins and banknotes

If you have RM500, what will you do with the money?

• If I have RM500, I will buy a car.

• If I have RM500, I will buy a house.

• If I have RM500, I will save it in my pocket.

• If I have RM500, I will save it in bank.

"Things that we must have" refers to..

• needs

• wants