Chapter 3

Responsibility in Making Financial Decisions

Tell needs from wants and make wise, responsible choices with your money.

Needs and wants

A need is something you must have to live, like food, water and clothes. A want is something nice but not necessary, like a new toy or sweets.

Key idea / 要点

Pay for needs first, then wants — only if you still have money.

Making wise choices

A responsible spender compares prices, pays for what they buy, and saves part of their money. If something costs more than you have, save up first instead of borrowing.

Worked example / 例题

You have RM12 and want a RM30 toy. The wise choice is to save more before buying, not to borrow money you cannot repay.

Remember / 记住

  • Needs come before wants.
  • Compare prices before you buy.
  • Save a little every time.

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