Week 31: Personal Spending and Saving

Which is a good way to use money?

• sharing it with people in need

• spending more of it than you have

• spending all of your money

• spending more money on wants than needs

How can you earn money?

• ask others to give you money

• have a job or get an allowance

• buy a gift for someone else

• save it for a new bike

The prices you pay to buy things are called ____________.

• savings

• allowances

• gifts

• costs

Saving for a rainy day means

• saving to buy an umbrella

• saving a raincoat to wear on a rainy day

• keeping money out of the rain

• saving money for an emergency

When saving for expensive items such as a house or a car, you might have to

• not save for very long

• save for a rainy day

• save for a long time

• not save at all

How can saving money be helpful?

• you will be unprepared in an emergency

• you will be able to borrow money

• you will have too much money

• you will be prepared in an emergency

Having self control can help you

• save all of your money

• spend all of your money

• make good choices with money

• give away all your money

Which is the best way to manage spending money?

• buy what you would like then give away the rest of your money

• buy what you want first, then spend money on needs

• spend money on needs first, save some money, then buy some things you want

• buy anything you want first, then save the rest of your money

Which of these is money a bank pays you for letting them use your money for a period of time?

• savings

• interest

• earnings

• spending money

Which of these is a smart choice?

• spending all of your money and saving none

• putting money in a bank, then taking it out the next day

• keeping all of your money at home

• leaving money in a bank to earn interest