SAVINGS GOAL GAME QUESTIONS
Every journey of a thousand miles begins with a
single step - and saving for something big, starts
with saving something small - see what you
learned about saving.
UNIT 3 SAVINGS GOAL GAME
QUESTION 1
What is a saving goal?
A. When you know something is coming up in your life and you have time to borrow for it
B. A saving goal is when you know something is coming up in your
life and you have time to save for it
C. When you know something is coming up in your life and you try to avoid it
D. When you know something is coming up in your life and you
don’t plan for it
QUESTION 2
You are broke, is setting a saving goal an option?
A. Setting a saving goal isn’t an option
B. Setting a saving goal may be an option in the future
C. A saving goal is for someone with a lot of money
D. You’re too broke not to save! QUESTION 3
You would like to save for Christmas but you cannot increase your
income how can you afford to save?
A. By reviewing your budget and finding savings in expenditure
B. You can’t
C. Hopefully I will be able to save for next Christmas
D. Borrowing is my only option
QUESTION 4
I know how much I need and how many weeks I have to get it. What else do I need
to consider when setting my saving goal?
A. Where to go to make the purchase
UNIT 3 SAVINGS GOAL GAME
B. How much I need to put by each week
C. Where to keep my savings
D. Consider borrowing
QUESTION 5
You have looked at your budget and you know that you can save €10 per week.
How long will it take you to reach your saving goal of buying an ipod nano costing
€169.00?
A. 17 weeks
B. 10 weeks
C. 69 weeks
D. 1 month
QUESTION 6
Concert tickets for your favourite band are going on sale in 3 weeks costing €45.
How much do you have to save each week to reach your saving goal of buying a
ticket?
A. €15 per week
B. €13 per week
C. €10 per week
D. €4.50 per week
QUESTION 7
At present you are saving €10.00 per week however your income has now been
reduced by €5.00 each week. What should you do?
A. Adjust your saving goal to €4.00 per week
B. Adjust your saving goal to €2.50 per week
C. Stop saving
D. Review your budget you may find savings in expenditure
QUESTION 8
At present you are saving €5.00 per week however your income has now been
increased by €5.00 each week. What should I do?
A. Save €10.00 per week
UNIT 3 SAVINGS GOAL GAME
B. Save €7.00 per week
C. Save the same
D. Spend more
QUESTION 9
You have reviewed your budget and made all the cut backs in expenditure possible.
You want to save to buy a laptop. What should you do?
A. Give up
B. Use the P.C. in the local library
C. Review your budget again to see if you can increase your income
D. Borrow your friends laptop
QUESTION 10
When you have achieved your savings goal it is a good idea to?
A. Never save again
B. Set yourself a new savings goal
C. Give yourself a break from saving for a month
D. Save again next year
SAVINGS GOAL GAME ANSWERS
UNIT 3 SAVINGS GOAL GAME
QUESTION 1
What is a saving goal?
Correct Answer
B. A saving goal is when you know
something is coming up in your life and
you have time to save for it
QUESTION 5
You have looked at your budget and you
know that you can save €10 per week.
How long will it take you to reach your
saving goal of buying an ipod nano costing
€169.00?
QUESTION 2
You are broke is setting a saving goal an
option?
Correct Answer
D. You’re too broke not to save! Often the
first step in saving money is finding the
money to save
Correct Answer
A. 17 weeks. If you can manage to save
€10 per week it will take you a total of 17
weeks to save €169.00
QUESTION 3
You would like to save for Christmas but
you cannot increase your income how can
you afford to save?
Correct Answer
A. By reviewing your budget and finding
savings in expenditure
QUESTION 4
I know how much I need and how many
weeks I have to get it. What else do I need
to consider when setting my saving goal?
Correct Answer
B. When you are setting your saving goal
you need to consider, how much you need,
how many weeks you have to get it and
how much you need to put by each week.
QUESTION 6
Concert tickets for your favourite band
are going on sale in 3 weeks costing €45.
How much do you have to save each
week to reach your saving goal of buying a
tickets?
Correct Answer
A. €15 per week. If you need to save €45
in three weeks you need to save €15.00
per week
QUESTION 7
At present you are saving €10.00 per
week however your income has now been
reduced by €5.00 each week. What should
you do?
Correct Answer
D. Review your budget you may find
savings in expenditure
UNIT 3 SAVINGS GOAL GAME
QUESTION 8
At present you are saving €5.00 per week
however your income has now been
increased by €5.00 each week. What
should I do?
Correct Answer
A. Save €10.00 per week. You can now
afford to save €10.00 per week. You can
amend your saving goal
QUESTION 10
When you have achieved your savings
goal it is a good idea to?
Correct Answer
B. Set yourself a new savings goal. When
you have something to work towards it
makes it easier to save
QUESTION 9
You have reviewed your budget and made
all the cut backs in expenditure possible.
You want to save to buy a laptop. What
should you do?
Correct Answer
C. Review your budget again to see if you
can increase your income
HOW DID YOU DO?
Count how many questions you answered correctly
0 - 3 You can do a lot better
4 - 5 You can do better
6 - 7 Thats more like it
8 - 9 Good Job
10 Perfect Score