Read and choose the correct answer A)-D) to the questions below:




1.According to the text, why do many people feel fear or intimidation when it comes to managing money?

A. They lack financial literacy skills.

B. They don’t have access to investment opportunities.

C. They have a limited income.

D. They have a negative attitude towards money.


2. According to the text, what is the key to wealth creation?

A. Making intelligent investments.

B. Taking financial risks.

C. Accumulating appreciable assets.

D. Having a high income.


3. What is the main message of tip number 3?

A. Trust financial managers with your wealth.

B. Avoid being involved in your finances.

C. Be cautious of financial crimes.

D. Delegate financial decisions to a trusted advisor.


4. According to the text, why is it important to have a financial plan?

A. It helps you stay accountable for your goals.

B. It ensures you have access to investment opportunities.

C. It guarantees financial stability.

D. It increases the value of your investment portfolio.


5. What does the text imply about excessive spending on non-appreciable assets?

A. It is necessary for financial happiness.

B. It can erode your wealth.

C. It is a sign of financial literacy.

D. It is the key to wealth creation.


6. What is the overall message of the text?

A. Good money management skills are unnecessary for building wealth.

B. Wealth is determined by how much money you make.

C. Financial advisors are the best option for managing money.

D. Financial literacy is essential for wealth creation. 


Key: 1.A; 2.A; 3. C; 4. A; 5. B; 6. D




  • savvy – having or showing practical knowledge and experience
  • to call the shots – to be in the position of being able to make the decisions that will influence a situation
  • to live within your means – to spend less money than you receive as income
  • appreciable – large or noticeable enough to have an important effect
  • to chip away at – to gradually make sth weaker
  • accountable  – responsible; capable of being accounted for; explainable



Practice makes perfect

Watch and decide if the sentences below are True or False:


1. Gamification is a tactic used by online retailers to encourage more spending.

2. Lab rats were more interested in a fixed food schedule than in pushing a lever for a food pellet.

3. Unsubscribing from online shopping emails can help avoid temptation.

4. Scarcity of a product can decrease its value in the eyes of the shopper.

5. Sleeping on a potential purchase can help combat the spending temptation.

6. Don’t use installment plans unless you want to buy some large, expensive items.

7. Small monthly payments psychologically decrease the cost of additional items.


Key: 1T; 2F; 3T; 4F; 5T; 6F 7T




  • How money savvy are you?
  • Do you regularly save money for a rainy day?
  • What’s the largest amount of money you’ve ever spent?
  • Have you ever lost a lot of money?
  • Should children get pocket money? How much?

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