Writing Money
Three dollars and twenty-five cents.
$3.25
Putting money away to be spent at a future time.
Saving.
The cost of the next best alternative when you make a decision.
Opportunity Cost.
A visual (poster, slideshow, etc.) that outlines where you want to be in the future
Vision Board.
This fruit is technically a berry, but strawberries are not.
Banana.
Sixty-two and a half dollars.
$62.50
Owing someone money.
Debt.
One thing is given up in order to gain something else.
Tradeoff.
Knowing this about yourself can help you make better money decisions. Examples include spender, collector, miser, avoider, and thinker.
Money personality.
This is the only mammal capable of true flight.
Bat.
Seventy-nine cents.
$0.79 OR 79c
A plan that states all of the money you will earn and how you plan to spend it over a period of time.
Budget.
Isaac has $50. He is out shopping and needs a new pair of shoes and a new backpack for school. There is also a new video game out that he has been wanting. He can only purchase one item, so he goes with the shoes. What is his opportunity cost?
The backpack.
The ability to make smart financial decisions.
This country is the largest island and shares its name with a color.
Greenland.
Six quarters.
$1.50
Putting your money somewhere where it has the opportunity to grow (ex. The stock market).
Investment.
Kelly can either work at the coffee shop for $9/ hour plus tips or at King Soopers for $15/ hour. She is able to work 20 hours each week. If she chooses to work at King Soopers, what is her opportunity cost? Be specific!
$180/ week plus any tips.
The understanding of monetary (money) information.
Financial literacy.
The human body's largest organ.
Skin.
Three dimes, fourteen pennies, five nickels, and a quarter.
$0.94 OR 94c
Money that is set aside in case something bad happens that you have to pay for.
Emergency fund.
What is the difference between a tradeoff and an opportunity cost?
Tradeoffs are anything given up in exchange for something. The opportunity cost is the value of the next best option.
Name 3 benefits of thinking about your future.
Ms. Zerbinos will judge :)
This US state has a panhandle, a coastline on two different bodies of water, and its capital starts with "T."
Florida.