Money Basics & Smart Saving
Needs versus wants, saving versus spending, and what a bank actually does with your money. First steps in financial literacy for young students.
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Questions in this quiz
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- Question 1 of 3
What is a budget?Tap an answer
Multiple Choice
- Question 2 · unlocks after question 1
- Question 3 · unlocks after question 2
- A debit card spends money you already have in your bank account.True / False
- Which of these is a NEED rather than a want?Multiple Choice
- What do we call the money a person earns from their job? (one word)Type Answer
- You buy a snack for 8 dollars and pay with a 10 dollar bill. How much change do you get?Multiple Choice
- Saving a small amount regularly can grow into a large amount over time.True / False
- What do we call the money citizens pay to the government to fund schools and roads?Multiple Choice
- What does a bank do with much of the money people deposit?Multiple Choice
- What is the habit of putting money aside for later called? (one word)Type Answer
- Which is the smartest FIRST step before buying something expensive?Multiple Choice
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