Quiz: Saving and spending choices for Grade 3.

📚 Quick Study Guide

• 💰 Saving: Putting money aside for later use. Think of it like keeping your toys safe!
• 💸 Spending: Using money to buy things you want or need. Like buying candy or a new book.
• ✅ Needs: Things you must have to live, like food, water, and clothes.
• 🎁 Wants: Things that are nice to have but you can live without, like toys or video games.
• 💡 Budget: A plan for how to spend your money. It helps you save for things you really want!
• 🎯 Goals: Setting saving goals helps you achieve them faster.

📝 Practice Quiz

1. What does it mean to 'save' money?
   1. A) To spend all your money right away.
   2. B) To put money aside for later use.
   3. C) To give money away to everyone.
   4. D) To hide money under your bed.
2. Which of these is a 'need'?
   1. A) A new video game
   2. B) A candy bar
   3. C) A healthy meal
   4. D) A fancy toy
3. Which of these is a 'want'?
   1. A) A warm coat in winter
   2. B) A glass of water when you're thirsty
   3. C) A roof over your head
   4. D) A brand new bicycle
4. What is a 'budget'?
   1. A) A plan for how to spend your money.
   2. B) A place to keep your toys.
   3. C) A type of sandwich.
   4. D) A game you play with friends.
5. Why is it important to save money?
   1. A) So you can buy everything you see.
   2. B) So you have money for important things later.
   3. C) So you can hide it from your parents.
   4. D) It's not important to save money.
6. Lily wants a new doll that costs $20. She gets $5 allowance each week. How many weeks will it take her to save enough money?
   1. A) 2 weeks
   2. B) 3 weeks
   3. C) 4 weeks
   4. D) 5 weeks
7. Tom has $10. He spends $3 on candy. How much money does he have left?
   1. A) $13
   2. B) $3
   3. C) $7
   4. D) $10