8th Grade Financial Management

The following shows part of Mr Jason’s financial management process.

To save for emergency fund

To buy a laptop

To buy a terrace house in 10 years by paying RM60 000 as a down payment.

What step in the financial management process did Mr Jason take?

• Evaluating financial status

• Setting financial goals

• Carrying out financial plan

• Creating a financial plan

Long term financial plan usually exceed

• 10 years

• 20 years

• 5 years

• 15 years

The process of budgeting, saving, investing, spending or otherwise supervising the use of money by an individual or group is ...

• Money Management

• Savings Account

• Checking Account

• Investment

A bank account where you can store money you don't need right away but keep it easily available and safe. You usually earn interest on this type of account.

• Checking Account

• FICO score

• Credit

• Savings account

Deciding how to spend your money before you actually spend it.

• Account

• Balance

• Budget

• Cash

Money earned through work.

• withdrawal

• expense

• deposit

• income

an amount of money parents regularly give children

• allowance

• candy

• spend

Why is it important to save money?

• Saving for a goal or something special in the future

• Because your parents say so

• So you can spend it faster

• Its not a good idea to save money

You are responsible for your financial well-being

• True

• False

What is another word for currency?

• money

• paper

• candy

• bank