stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
financial literacy Flashcards | StudBud
Explore
/
financial literacy
financial literacy
12 terms
·
StudBud Administration
·
5 plays
Imported from external platform
Flashcards
12 cards
F
Practice quiz
P
Host live
L
Questions
12
Answers
1
how do u budget
no need just spend
Consider your needs, deduct those from your pocket money and save the rest
Decide how much you want to save & budget the rest for your needs
save everything
2
What is FOMO
fear of missing out
fun on my own
fear of missing something
flying over magical oceans
3
You have to buy food before PE. You have 3 dollars. What do you choose?
ice cream($1.50)
chicken rice($2.30)
sprite($1.20)
bubble tea($3.50)
4
What are needs?
essentials for survival
things that aren’t essential but make me happy
5
What are digital payments?
using bank cards to pay
using mobile apps like paylah to pay
using cash to pay
6
What is the impact of online banking on your thought processes?
No impact
feel like you have to spend less
can lead to overspending
7
Is spending on wants(like bubble tea) okay?
of course! we should spend ALL our money on wants and have fun
no, we should focus on our needs only
spend on needs & wants, prioritise needs but spend on wants in moderation
8
Communication devices are needs
True
False
9
What are the benefits of e-payments?
Ability to track spending
Security
Reduce cash usage
Convenience
10
How does social media use FOMO?
showing trends of popular things to make you feel that you are missing out
showing advertisements of your favourite items to make you buy them
show advertisements that make things look better than they actually are
showing educational videos
11
What is a budget
a plan for saving and spending
i don’t know
a plan for spending all the money I have
12
Why are digital payments popular?
eliminates the need for physical visits to the bank
Accessible to anyone with internet
convenient as you can pay anytime anywhere
Convenient as you can spend as much as you want
