Teenage Money Saving Quiz

What is one way for teenagers to save money?

• Buy expensive clothing

• Get a summer job

• Shop impulsively

• Party unnecessarily

What is the benefit of having a savings account for a teenager?

• It restricts them from saving money

• It helps in keeping track of cash outflow

• It has no impact on their spending habits

• It allows them to spend all their money easily

What is the importance of having a goal for saving money as a teenager?

• It motivates them to spend more

• It helps in planning out the 'how' of saving

• It encourages them to use their saved up amount

• It has no impact on their saving habits

What is the benefit of using a savings app for teenagers?

• It makes them spend more money

• It discourages them from saving money

• It helps in setting a savings goal

• It has no impact on their saving habits

What is a traditional method of saving money for teenagers?

• Giving money to friends for safekeeping

• Keeping all cash in one account

• Getting a safe with one key

• Using a savings app

What is one way for teenagers to earn extra money?

• Spending all their money on unnecessary purchases

• Not making good use of their Instagram

• Blogging and becoming an Instagram influencer

• Avoiding any kind of work

What is the downside of partying unnecessarily for teenagers?

• It helps in saving money

• It leads to impulse buying

• It encourages responsible spending

• It has no impact on their spending habits

What is the benefit of having a student ID for teenagers?

• It makes them spend more money

• It allows them to get discounts at various places

• It discourages them from saving money

• It has no impact on their spending habits

What is the drawback of shopping impulsively for teenagers?

• It helps in saving money

• It leads to buying weird stuff for social media content

• It encourages responsible spending

• It has no impact on their spending habits

What is the benefit of getting clever with earning for teenagers?

• It has no impact on their spending habits

• It discourages them from saving money

• It makes them spend more money

• It helps in saving money