True or False? People can be responsible with their money by buying everything they want.
False
At the grocery store, the items you might buy while waiting in the check-out line are considered…
Impulse buys
An owner of a plumbing business
What is credit?
A form of borrowing
Why is it important to spend money on things you need before spending money on things you want?
Because you can live without wants, but you can’t live without needs
A wage is paid by the hour, and a salary is paid over a set period of time
An adult might use credit to pay for______.
Both A and B
Why is it helpful to listen to adults’ experiences and advice about money?
You can learn from their experiences and avoid making bad money decisions
All of these are things you should consider when choosing a career path except:
Choosing whatever your friends are doing
If you damage something you've borrowed from a friend, how could you regain your friend’s trust?
Buy your friend a replacement item
What’s the best way to know if you are getting a good deal on what you're buying?
Compare the price for what you want to buy at two or more stores
You have $20 dollars in your budget this week. Your friends are going to the movies and miniature golfing this week. The movie ticket costs $12, popcorn costs $7, and a drink costs $4. Miniature golfing costs $8. Which choice is within your budget?
The movie and miniature golfing
Michael loves to work in teams and speak in front of groups. Maera loves math and can focus on hard work for a long time. Would Michael or Maera be a better fit for a career in computer engineering?
Maera would be a better fit
How is buying with credit different than paying with cash?
With credit, you borrow money to make the purchase, and repay the money borrowed later
You’re getting ready to make a savings plan. What question should you ask yourself first?
How much money are you making each week and how much do you need to set aside for your expenses?
You’ve been saving for a coding robot for 6 months. Your friend just showed up to school with the coolest new shoes. He takes a look at your shoes and says they aren’t as cool as his. You want to be cool but you only have enough for the shoes or the robot, not both. What do you do?
Follow your own interests and buy the robot
Your friend wants to get an after-school job. She’s considering mowing lawns around the neighborhood, babysitting, and working full-time in an office with her dad. Which option should she get rid of?
Working full-time in an office with her dad
Why do financial institutions lend money?
Financial institutions make money from the interest the borrower pays to use the money