Money management
Plan that helps to manage income and expenses each month
A budget
What is the name of a security feature that banks use that requires you to enter a temporary code sent to your phone?
Two-factor authentication / verification code (SMS code)
You recieve message saying:
“Your Kaspi account has been blocked. Click this link immediately to verify your identity.”
What type of scam is this?
Phishing
National stats say ~40% of Kazakhs are money-smart—what's the student rate?
a) Higher
b) ~45%, even lower
c) Same
b) ~45%, even lower
If a student team wins prize money from a hackathon, what is one responsible first step they should take before spending it?
Create a budget / plan for how the money will be used
What is the point of having an emergency fund?
Pay for unexpected expenses
What should you do if you believe someone has access to your bank card information?
Contact the bank and block the card
A stranger offers to double your money through a “guaranteed crypto investment” if you send money.
What is the biggest warning sign?
Guaranteed profits / unrealistic returns
Which group is often more vulnerable to online financial scams?
A) Elderly people
B) Young internet users
C) Both
C) Both
A startup team receives investment or prize funding and a stranger online offers “help managing their finances” if they share banking access. What should the team do?
Refuse and protect financial information / only work with verified professionals
What financial problem occurs when a person repeatedly takes new loans to repay previous loans?
A debt cycle / debt trap
Why do banks warn customers never to share verification codes, even with someone claiming to be a bank employee?
Because scammers use these codes to access accounts
You get a call from someone claiming to be from the bank. They say there is suspicious activity and ask for the SMS verification code sent to your phone.
What should you do?
Refuse and contact the bank directly.
Why is financial literacy considered a social issue rather than just a personal skill?
Because it affects the well being of a society and not only one individual
A startup team wins money and immediately spends most of it on expensive things they may not need. What financial mistake are they making?
Poor financial planning / unnecessary early spending
Why is it important to check the interest rate before taking a loan?
To avoid paying much more than expected.
Many banking apps allow you to temporarily block your card directly in the app. Why is this feature useful?
It helps prevent unknown transactions if the card is lost or stolen
You see an online job advertisement promising high income but requiring a small “registration fee” to start.
What type of scam could this be?
Advance-fee job scam
What can be a reason university students may be financially vulnerable?
1) first time managing money
2) lack of financial education
3) social pressure to spend
Any of the above
Why is it risky for a startup team to divide prize money among members immediately without considering project needs?
The money may be needed for development, marketing, or future expenses
What financial risk is caused by spending more money than you earn for a long period of time?
Debt accumulation / financial instability
Why it may be risky to use public Wi-Fi to log into banking apps or enter financial information?
Hackers can steal sensitive information
You receive a message from your friend who is asking you to urgently transfer funds to a new account number. Later you learn their social media account was hacked.
What scam tactic is this?
Social engineering / impersonation scam
According to global studies, what might be a major consequence of low financial literacy?
1) higher debt levels
2) vulnerability to scams
3) poor financial decision-making
Any of the above
Why is it important for startup teams to keep prize money in a separate account from personal spending?
To track expenses clearly and avoid mixing personal and project funds