Saving Strategies
Budgeting
Understanding Interest
Expenses and Income
Fun & Miscellaneous
100

How much can you save weekly if you earn $40 and spend $10?

$30

100

What is a budget?

A plan for spending and saving money.

100

What is interest?

The extra money paid to you by the bank for keeping your money in a savings account.

100

If your monthly income is $3,200, and your essential expenses total $2,000, what is your remaining budget?

$1,200.

100

Who is the most followed person on Instagram as of 2024?

Cristiano Ronaldo.

200

If you want to buy a $120 concert ticket in 6 weeks, how much do you need to save each week?

$20

200

What does it mean to "pay yourself first"?

Setting aside money for savings before spending on anything else.

200

If you deposit $1,000 at a 5% interest rate, how much interest will you earn in one year?

$50.

200

What should you do if you have an unexpected medical bill of $400 when you already planned $200 for savings?

Re-evaluate your budget and possibly cut back on discretionary spending.

200

What boy band made a comeback with their album "Map of the Soul: 7"?

BTS

300

What is the primary goal of setting a savings goal?

To motivate you to save for something specific.

300

What type of expense is rent considered?

A fixed expense.

300

What happens to your savings when you earn compound interest over time?

Your savings grow faster.

300

If you spend $150 on transportation and have a monthly budget of $300, what is left for other expenses?

$150.

300

What Netflix series features teenagers living in a fictional town called Hawkins?

"Stranger Things."

400

What could be a good initial savings goal for a high school student?

Saving for college expenses or a laptop.

400

What do we call money set aside for unexpected expenses?

Emergency fund.

400

If Sarah saves $500 at 3% interest, how much interest will she earn in one year?

$15.

400

If you save $50 each month, how much will you have saved in a year?

$600.

400

Which artist is often referred to as the “King of Pop”?

Michael Jackson

500

Why is it beneficial to start saving money while still in high school?

It allows you to take advantage of compound interest over time.

500

What is the term for the interest you earn on both your savings and the interest already added?

Compound Interest

500

What effect does waiting longer to save money have on your total savings?

It reduces the amount of interest you earn due to less time for compounding.

500

How does an increase in income impact your ability to save?

It generally allows for more savings if expenses remain the same or decrease.

500

What movie won the Academy Award for Best Picture in 1994 and features a famous character running through history?

Forrest Gump.

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