QUIZ – Kids Quiz – Where’s all the money gone?

Welcome to the Kids Quiz

1.

It's Friday, the weekend is coming and you are flat broke. You ask yourself, where did the money go? What do you do?

Tell everyone you were mugged.

Insist on a bigger allowance.

Resolve to keep better track of your money.

I'm not sure.

2.

You take a few minutes to look at eBay and Amazon. Everything looks terrific. What to pick?

You pull out your wish list and spend, spend, spend

You randomly pick anything that looks good.

You decide what you really need.

I'm not sure.

3.

Saving money is never easy. What is the smart way to save?

Start collecting all your loose change in a jar.

Put aside a portion of the money you earn, or come into through other means; i.e., an allowance if you receive one.

Open your own savings account at a nearby bank that will earn interest. Then make regular deposits into that account.

I'm not sure.

4.

While buying a birthday gift for a pal, you see some items you wouldn't mind owning. Do you:

Make a small inexpensive purchase.

Buy all the things you think you want because you deserve them.

Ask yourself just how badly you need those items and then stick to your first intent -that birthday gift for your friend.

I'm not sure.

5.

Your T-shirts are scruffy, worn, and a mess. You need new ones. What do you do?

Urgently let your folks know you need new T-shirts.

Bargain with the store owner for a better price on the T-shirts.

Wait for a sale when the prices can go way down.

I'm not sure.

6.

This week isn't even over yet and you've already run out of money. What do you do?

Get your friend to loan you some money.

Take an advance against your allowance.

Enjoy the free stuff that's around, such as books or DVDs from the library, borrowing CDs or just hanging out with your friends.

I'm not sure.

7.

An invitation to a big party arrives and you want to buy some new clothes to look your best. Do you:

Dig around in mom or dad's closet for something you can wear.

Buy what you need on an installment plan.

Change and enhance an outfit you already own with some clever, inexpensive accessories.

I'm not sure.

8.

Good job! You have finally saved enough money to buy that special item you wanted. How do you go about finding the best price with the best warranty?

Ask your friends what they paid for their item.

Look at all the stores in your area that are selling the item and see what each offers.

I'm not sure.

9.

You find that you need some extra money to join friends in upcoming activities. You can't get a raise or an increase in your allowance. What do you do?

Ask your parent or guardian if there are some jobs around the house that could be done for extra money.

Cut back on what you spend over the next few weeks to save for the activity.

Sell some of your possessions on eBay.

I'm not sure.

10.

Finding ways to budget your money isn't like having to dress up and go to a relative's house for dinner. It really is:

Something created by your parents or guardian to limit the amount of fun you have.

A complicated mathematical problem that your parents are using to test your math abilities.

A plan to make informed choices about how to spend your money.

I'm not sure.