Budgeting
What is the term for a plan that helps you track how much you can spend on Christmas gifts?
What is Budget
What is the term for owning a small piece of a company, like owning a tiny “share” of Santa’s toy workshop?
What is the card people often use to buy holiday gifts, but must later repay with interest?
What is a Credit Card
Scarcity means there aren’t enough resources to meet needs. What scarce resource does Santa face when delivering gifts?
What is Time
What is the process of setting goals for how much you want to earn, save, and spend during the holidays?
Financial planning
What do we call money you set aside each month to prepare for holiday expenses?
What is Savings
When Santa puts money into something expecting it to grow over time, what is he doing?
What is Investing
What is the fee you pay on borrowed money if you don’t pay your credit card off right away?
What is Interest
When demand for Christmas trees increases in December, prices often rise. What economic principle explains this?
What is Supply and demand
What type of financial goal is “Save $200 for Christmas gifts this year”?
Short-term goal
When you compare prices at different stores before buying a gift, what financial practice are you using?
What is Price shopping / comparison shopping
If Santa spreads his investments across stocks, bonds, and more, what risk-reducing strategy is he using?
Diversification
Your credit score can affect how much you pay to borrow money. What is this three-digit number called that represents your financial trustworthiness?
What is Credit score
Santa’s workshop hires more elves during Christmas season. What do we call this increase in needed labor?
What is Seasonal employment
What document helps you track income and expenses over time, especially during spending-heavy months like December?
What is Budget spreadsheet / financial log
What is the term for a list of holiday expenses you expect, such as gifts, decorations, and travel?
What is a Spending plan
What type of investment is a loan made to a company or government, similar to elves lending Santa money?
Bond
If someone overspends during the holidays and owes more than they can repay, what financial problem could they face?
What is Debt accumulation
If producing toys becomes more expensive due to higher material costs, what economic term describes this increase?
What is Cost of production
When you adjust your holiday budget because you overspent on decorations, what financial process are you performing?
What is Budget revision / rebalancing
If you divide your holiday savings into categories like gifts, food, and travel, what budgeting strategy are you using?
Envelope budgeting (or category-based budgeting)
The “time value of money” states that money today is worth more than money later. What key financial concept helps investments grow over long periods, especially useful for Santa planning centuries ahead?
Compound interest
What is the legal agreement that outlines repayment terms when borrowing money, such as for expensive Christmas travel or purchases?
What is Loan contract / credit agreement
When Santa allocates resources (elf labor, materials, time) to maximize toy output, he is practicing what economic concept?
Resource optimization / allocation efficiency
If you project your holiday expenses for future years using historical spending data, what financial technique are you applying?
What is Forecasting