The majority of us strive to provide the best education and facilities for our children. We go above and beyond to provide the best for our children and to fulfil all of their wishes. Raising children costs a lot of money.
People will sell their arms and legs to provide for their children’s necessities. Parents are willing to take payday loans in the UK from a direct lender to meet the smallest of requirements for their kids. It should come as no surprise that some children are born geniuses, while others require parental assistance.
Whatever the situation is, raising a responsible kid is a very big responsibility. With the changing world, where is a necessity for decent survival? The reality is even most adults do not understand money matters.
Well, in this blog, we are focussing on the financial understanding of your kids. Sit with your kid/s and enough the ride.
Basic guidelines for the Quiz to Check Financial Responsibility of Your Kid
- Kids aged 8 or above can participate in this.
- This quiz is for school kids below the age of 18.
- Sit with a piece of paper as it may come in handy.
- Assist your kid in understanding the question but don’t solve the question.
- This quiz should be completed within 20 minutes. Taking more time is up to the convenience of the parent or the kids…
Note: This quiz is designed for fun purposes, and it does not mean to upset the sentiments of anyone. If your kid is not performing well, don’t discourage. Give them time. It is just a quiz.
The Quiz:
1.You are out in the market to buy apples. One vendor sells 3 apples for one pound while the other vendor sells 7 apples for two pounds. Considering each apple is equally delicious and equal in shape, size and variety, which one should you pick?
a. I will buy from both vendors. It is just three pounds, right!
b.I will buy from the second vendor.
c. I will buy from the first vendor.
2. A famous rockstar is endorsing a blue bandana. You notice all the cool kids in your school are wearing. You find out the bandana cost five pounds. What would you do?
a. I would save money to buy it.
b. I would request my parents to buy it.
c. I would never buy it. These silly trends come and go. The bandana will be useless soon, and my money will be wasted.
3. Your birthday is approaching, and your parent is struggling with money. They have agreed to celebrate your birthday, but it must be at home and a simple day party with no themes whatsoever. How would you react?
a. I would be disappointed, but it is alright. At least I am getting a birthday.
b. I would flip out and rush to my room. My parents do not understand it. My friends would tease me.
c. I would offer my pocket money or savings that I have so I could celebrate the birthday of my wish.
4. You bought a box at 4.13 pounds; you gave the shopkeeper a 5-pound bill. How much will you get back?
a. I need time to think about it.
b. The shopkeeper is honest; he will pay me back the right change.
c. Who cares, man? It is just a small change.
5. All of your friends are going on vacation this summer. Few are going abroad, few to another city but your parents are not taking you to any exotic place. They take you to grandma’s or any relative’s place on the weekend only. What do you say?
a. They are so unfair. They don’t understand the importance of travelling for little kids.
b. It is cool. I will try to find a part-time job this summer.
c. It is fine. I will just hang out with a few friends. Getting a job is beneath me.
Score Calculation
1. a – 1
b. – 3
c. – 2
2. a. – 2
b. – 1
c. – 3
3. a. – 3
b. – 1
c. – 2
4. a. – 3
b. – 2
c. – 1
5. a. – 1
b. – 3
c. – 2
| If your score is between 12 -15 |
|---|
| Your kid is very responsible. Congratulations on successful parenting. You are a good parent and raising a financially responsible kid. |
| If your score is between 9 – 11 |
|---|
| Your kid is good. Yes, he slips sometimes, but hey, that is what childhood is all about. If you are on the right path soon, you will get there. |
| If your score is below 9 |
|---|
| Your little one is very naughty and kind of spoiled. It is essential to teach your kid financial responsibility. It will be good for their future. Not everything they ask should be fulfilled. Start saying no. |
Conclusion
So, there it was. I hope you and your kid enjoyed the time together. It was a fun ride, right!
We understand that it gets difficult to teach kids. Times are not the same, but if your kid is financially responsible, it will give them a good life to your child in the future, and he will not become too compulsive to struggle or get instant loans from unemployed people. Trust me, and we often get this query.
If you are interested in more such fun quizzes from our end, subscribe to us and turn on the notifications. And don’t forget to teach your kid about finances. You can begin teaching from the age of 7.
The earlier you begin. The better it is for you and them. Happy parenting!
