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Money Smarts Quiz (B1)
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1️⃣5️⃣ Which sentence shows a smart attitude to money?
 
B. “I plan before I spend.”
 
A. “I’ll never need money later.”
 
C. “Money is only for rich people.”
 
D. “Saving is useless.”
1️⃣4️⃣ Your phone breaks. You have some savings. What should you do?
 
C. Use savings to fix or replace it
 
A. Panic
 
B. Buy the most expensive phone
 
D. Ignore the problem
1️⃣3️⃣ What does “income” mean?
 
C. Money you earn
 
A. Money you spend
 
B. Money you lose
 
D. Money you borrow
1️⃣2️⃣ You want to buy something expensive. What is the best idea?
 
C. Save small amounts regularly
 
A. Buy it immediately
 
B. Borrow money and forget about it
 
D. Wait for someone to buy it for you
1️⃣1️⃣ Why is saving money important?
 
B. For emergencies and future plans
 
A. To stop having fun
 
C. Because teachers say so
 
D. To impress friends
🔟 Where is the safest place to keep money?
 
D. In a bank account
 
A. In your pocket
 
B. In your backpack
 
C. At home under the bed
9️⃣ What does “waste money” mean?
 
C. Spend money on things you don’t need
 
A. Spend money on useful things
 
B. Save money carefully
 
D. Earn money
8️⃣ Which action shows good money habits?
 
B. Checking prices before buying
 
A. Spending all your money on games
 
C. Buying things because friends do
 
D. Never thinking about money
7️⃣ What is interest?
 
B. Extra money you earn or pay
 
A. Free money from a shop
 
C. Money you lose in sales
 
D. A type of discount
6️⃣ You see a jacket on SALE – 50% OFF. What should you think first?
 
C. “Do I really need this?”
 
A. “It’s cheap, I must buy it!”
 
B. “Can I buy two?”
 
D. “Will my friends like it?”
5️⃣ What does “save money” mean?
 
C. Keep money for the future
 
A. Spend money fast
 
B. Hide money so no one sees it
 
D. Give money away
4️⃣ You want a game, but you don’t have enough money. What should you do?
 
B. Save money and buy it later
 
A. Buy it anyway
 
C. Ask strangers online
 
D. Get angry
3️⃣ Which one is a need, not a want?
 
C. Internet for schoolwork
 
A. New sneakers
 
B. Fast food
 
D. A new phone case
2️⃣ What does “budget” mean?
 
B. A plan for how you use your money
 
A. A list of things you want to buy
 
C. A place where money is kept
 
D. Extra money you get
1️⃣ You get $40 as pocket money for the month. What is the smartest plan?
 
C. Plan how much to spend and save
 
A. Spend everything in the first week
 
B. Save all of it and never spend
 
D. Lend it all to friends