Decision Making
Megan wants to buy a new hoodie, but he only has $30. He also needs $25 for a field trip next week. What should he do first?
Save the money for the trip since that's what she needs.
Maya is shopping for lunch. She can buy a sandwich or chips and candy. Which choice is a need?
The sandwich — food is a need.
Ava makes $40 a week babysitting. She wants to save $10 each week. How much can she spend in that week?
$30
Elena puts her birthday money in a savings account that earns a little extra over time. What is she doing?(what is the strategy that she is doing called?)
HINT-FIN LIT TOPIC
Investing
Your paycheck shows $300 earned, but you only get $270.Why?
Deductions like taxes were taken off
Lila can walk to school for free or pay $2 each day to take the bus. She wants to save for a new phone. What should she do?
Walk to school and save the bus money for her phone.
Anthony needs new shoes for gym class. He wants the $120 brand, but there’s a $50 pair as well,What should he do?
Buy the $50 shoes so he can save money.
Noah earns $100 and spends $70. How much did he save?
$30
Carter invests $100 and earns $5 interest in a year. What does the $5 represent?
The profit
Taylor earned $20 for mowing a lawn. What is that $20 called?
Income
Marcus can buy a used bike now or wait two weeks to afford a brand new one. Should he wait or not?
Wait 2 weeks for a brand new bike.
Olivia wants to buy a gaming console, but she also needs to pay her phone bill. What should she spend her money on first?
Pay the bill
Marcus keeps running out of money before the end of the month. What’s one thing he could do to fix that?
(HINT-Keep___of his___)
He can keep track of his spending
Jasmine has two choices: A savings account or invest in stocks. Which has more risks?
Investing stocks
Prices for gas, food, and clothes keep rising. What is that called?
Inflation
Emma has $50 left for the month. She can either spend it on fast food with friends or use it for school supplies she’ll need soon. What’s the best decision?
Buy the school supplies
Jacob says his streaming subscription is a “need” because he uses it every day. What mistake is he making?
(HINT- what is he confused between?)
confusing a want with a need.
Kayla makes $200 a month. She spends $120 on needs, $50 on wants, and saves the rest. How much does she save?
$30
If Michael invests $200 in a company that grows by 10% each yea, how much will he have after one year?
Blake wants to buy a $200 gaming system. He checks three stores and finds prices of $180,$190,and $200. What's the best option to get?
The lowest prices one($180)
Tyrese has $500. He can invest in his cousin’s small business or keep it in savings. How can he make a smart decision?
(HINT-Also used in dance and gymnastics)
Put half to his cousin and half to savings.
Sofia has $100. She lists groceries, gas, and movie tickets. She can’t afford all three. How can she decide what to buy?
Prioritize needs (groceries and gas) before wants (movie tickets)
If Jayden wants to save for a $300 bike in 6 months, how much should he save each month?
$50 per month
Logan keeps his money in a jar at home, but his friend puts hers in a savings account that earns interest over time. Who will have more money over time?
His friend
Eli's credit card bill I'd due on the 10th, but he pays it on the 20th. What could happen?
He'll be charged a late fee