Page 75 - Workbook2E

YOUR FAMILY’S ATTITUDE TOWARDS MONEY MANAGEMENT
#1
Money-Management Quiz For Kids
This quiz helps you and your children focus on money-management issues that may not have been clear in the past. Reassure your children there are no right or wrong answers and that they won’t be judged or criticized. Each of your children should take this separately. You can keep track of their answers in the “Notes” section at the back of the workbook.
$ Quiz For Kids
Check your answers “T” for True and “F” for False.
T F 1.
T F 2. T F 3. T F 4. T F 5. T F 6. T F 7. T F 8.
T F 9. T F 10.
T F 11. T F 12. T F 13.
T F 14. T F 15.
Being rich isn’t one of my main goals; there are more important things
to do than making money.
I think a lot about what I could do to make money, now and in the future.
I earn most of my own spending money.
I know where all of last month’s money was spent.
I have a plan for saving money each month.
In the past I saved more money than I do now.
Now I save more money than I used to.
When I’m old enough to drive, I’ll buy a new car on credit rather than wait until I save enough money to pay cash.
If someone sent me a pre-approved credit card, I’d use it without thinking about the interest rate I’d be charged.
I prefer to ask my parents for money as I need it rather than get by on
an allowance that I’m responsible for.
My parents frequently say “no” when I ask for money to buy personal items. I know about how much my family spends each month on me.
My parents “owe” me more than just shelter, food, clothing, and
medical care.
I believe it’s important to be honest in all of my financial dealings with others, even if I could gain personally with a little dishonesty.
I’ve made some plans for my future and tried to imagine where I’ll be
in 5, 10, 20, 40, or even 60 years.
“People who don’t respect money don’t have any.”
~ J. Paul Getty
When your children have completed the quiz, sit down with them and discuss why they answered as they did. Keep quiet and listen carefully. Consider what they have to say, and include their views in your family’s financial fitness program. If you see potential problems in their thinking or attitude—don’t lecture—but keep those in mind to work on in the future.
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