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Classroom

Sequencing

Elementary 5

Social Studies

Savings and budgeting

Teacher Joy

12

Added Question (10/ 20)

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Question 1

Multiple Choice

Why is it important to save money?

So you can buy anything you want, anytime
To keep your money safe and use it for future needs
Because spending is boring
So your friends will think you're rich

Question 2

Multiple Choice

What is a budget?

A shopping list
A plan for how to spend and save your money
A type of bank account
A money game

Question 3

Multiple Choice

If you receive $10 and spend $7, how much have you saved?

$3
$5
$7
$10

Question 4

Multiple Choice

Which of the following is a need, not a want?

Ice cream
School uniform
Video game
Toy robot

Question 5

Multiple Choice

What does it mean to “live within your means”?

Spend all your money
Spend more than you earn
Spend only what you can afford
Save all your money and never spend

Question 6

Multiple Choice

What is one smart way to save money regularly?

Spend first, save what’s left
Borrow money to save
Save a part of your money before spending
Only save on weekends

Question 7

Multiple Choice

You want to buy a toy that costs $20. You get $5 a week for allowance. How many weeks will you need to save if you save all of it?

2 weeks
4 weeks
5 weeks
10 weeks

Question 8

Multiple Choice

What is the best thing to do when you want to buy something expensive?

Ask your parents to buy it
Spend all your savings
Make a savings goal and save up slowly
Use someone else's money

Question 9

Multiple Choice

Why should you track your spending?

To brag about it
To see where your money is going
To spend more
To confuse your parents

Question 10

Multiple Choice

Which one is a good habit for saving money?

Buy everything you like
Compare prices before buying
Spend first, save later
Never think before buying

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