MAKING MONEY

What does it mean to ‘budget’ your money? A) To spend as much money as possible B) To save all your money and never spend it C) To plan how you will spend and save your money D) To borrow money from friends

Why is it important to have an emergency fund? A) To have money for unexpected expenses B) To use it for daily shopping C) To lend money to friends D) To invest in stocks

Which of the following is a benefit of traditional jobs? A) Flexible hours, B) Fixed income, C) High risk, D) Entrepreneurial freedom

What is a passive income source? A) Money earned from a part-time job B) Income from a rental property C) Salary from a full-time job D) Winning a lottery

What is a traditional job? A) Work done remotely, B) Work done in a physical location, C) Freelance work, D) Starting a business

What is ‘freelancing’? A) Working for free B) Being employed by one company C) Working independently on a per-job basis D) Volunteering at a non-profit

Which of these is a smart financial goal for a teenager? A) Buying the latest smartphone every year B) Saving for a concert ticket C) Investing in a college fund D) Spending all your allowance on clothes

What is a major advantage of online work? A) Social interaction, B) Physical activity, C) Work from anywhere, D) Fixed schedule

What is an example of online work? A) Cashier at a store, B) Online tutoring, C) Babysitting, D) Lawn mowing

What is essential when starting a business? A) A business plan, B) A high school diploma, C) An office space, D) A company car

Which skill is important for entrepreneurs? A) Ability to follow instructions, B) Risk-taking, C) Being content with the status quo, D) Avoiding challenges