Groceries
Paychecks
Vocab
Quick Calculations
Other
100
What is the cost of a gallon of whole milk?
$5-$7.50
100
What % does the government take out of your paycheck?
20-30%
100
What is Finance?
Finance is defined as the management of money and includes activities such as investing, borrowing, lending, budgeting and saving.
100
If you make minimum wage and work full-time, how much would you make per week?
$290
100
What is the average Texas "Middle Class" income?
$80,000-$106,000
200
What is the cheapest ribeye steak you can buy at walmart right now?
$17.46 (0.9 oz-1.6 lbs)
200
What types of deductions come out of your paycheck?
Federal Income Tax, Social Security Tax, Medicare Tax (and benefits that you pay for: dental/medical)
200
What is inflation?
substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency
200
If my rent is $1,070/month, how much would I pay in 6 months?
$6,420
200
What was the name of the book that was written by Robert Kiyosaki (hint: we listened to an audio sample)
Rich Dad Poor Dad
300
How much would one single apple cost at the grocery store?
$0.71-$1.12
300
What is the current minimum wage?
$7.25
300
What is the economy?
Economy is the production of goods and services or the part of society that creates wealth!
300
If my food budget is $250/week and I already spent $117.34 eating out, how much do I have left for the week?
$132.66
300
Median income for "Upper Class"
$180,769+
400
How much would a Family Sized box of Cinnamon Toast Crunch cost?
$4.47-$4.97
400
How many hours a week is considered full-time employment?
40 hours (some places 35+ hours)
400
What does recession mean?
a period of temporary economic decline
400
I my take home pay is $1,265.23 each month and my rent is $1,070.89, what is leftover for spending?
$194.34
400
Who is this individual?
Warren Buffet (CEO of Berkshire Hathaway) and widely regarded as the most famous value investor of all time
500
How much would this pack of water cost?
How much would a 24-pack of water cost?
$5.99-$6.46
500
What percentage of Americans are issued their paychecks via electronic direct deposit?
95%
500
What is a budget?
A budget helps you make sure you will have enough money every month and it shows you how much money you make and how you spend your money!
500
If I have a 15 gallon tank in my car and I want to fill up on Regular gasoline (with a car wash), how much will I spend?
$92.85
500
Who is this person?
Dave Ramsey: he had a dramatic journey from rapid real estate wealth to severe bankruptcy, followed by a massive comeback as a personal finance media and business mogul. (Current net worth is $200 Million)