Examples of this type of expense include mortgage/rent, insurance, real estate taxes, and vehicle registration.
What are fixed expenses?
100
What is the definition of consumer prices?
What is how much items you buy cost?
100
What is the first step of the decision making process?
What is gathering information?
100
At Fred Meyer, a 20-oz bottle of PERT shampoo costs $3.50, and at Walgreens, a 16-oz bottle of PERT shampoo also costs $3.50. Which is the better buy?
What is Fred Meyer?
100
Which is cheaper - $10 for 3 pairs of socks or $5 for 1 pair of socks?
What is $10 for 3 pairs?
200
Examples of this type of expense include groceries, cellphone, electricity, heating oil/gas, and gasoline.
What are flexible/variable expenses?
200
What are 3 factors that influence a financial decision?
What are values, peers, habits, feelings, family, risks and consequences?
200
What are 2 examples of decision making strategies?
What are procrastination, synthesis, desire, agonizing, spontaneity, compliance, security, intention?
200
Which peanut butter is cheaper- one with a unit price of $0.30 per oz or $0.297 per oz?
What is $0.297 per oz?
200
On Amazon the cookbook I want costs $48 and I get free shipping. In the bookstore, it costs $56 but I have a 20% off coupon. Which is the best buy?
What is at the bookstore?
300
What math calculation can we do to determine the balance of our budget?
a. Income + Expenses
b. Expenses * Months
c. Income - Expenses
d. Expenses - Income
What is C. Income- Expenses?
300
When consumer prices are rising constantly, we call it _________________.
What is inflation?
300
Why is it useful to do some research before making a purchase?
What is quality, price, amount in package, use, etc.
300
Which is a better coupon for a $350 Nintendo DS-- $75 off or 20% off?
What is $75 off?
300
Safeway milk costs $3.79 for 1 gallon, or $1.87 for half a gallon. Which is the better buy?
What is half gallon?
400
Marla makes $43,000 a year. Could she afford to buy a house if the mortgage (monthly payment) is $3000?
What is no?
She could afford it but would not have much money left over for all of her other expenses.
400
How do interest rates affect how people use their money?
a. people spend more
b. lower interest = expensive to borrow
c. high interest = expensive to borrow
d. interest doesn't affect spending
What is c. high rates= borrowing money costs more, so people are less likely to borrow and more likely to save?
400
David has a job with a take-home pay of $2,000 per month. He must pay $900 in rent, $150 for groceries, and $250 on transportation each month. If he budgets $100 for clothing, $200 for restaurants, and $250 on everything else, it will take him HOW MANY MONTHS to accumulate savings of $600.
What is 4 months?
400
What is the unit price of an item?
The cost for one
400
Anna's coffee beans are $56 for 5 lbs. Janis sells her coffee beans at $36 for 3.2 lbs. Which is the cheaper coffee?
What is Janis?
500
This is the sum of your wages, salary, and other money that you earning or receiving from interest payments.
What is your income?
500
Changes in the how much a dollar can buy are measured by the
a. unemployment rate
b. money supply
c. inflation
d. consumer price index
What is d. consumer price index?
500
Give me an example of a full decision making process.
1. gather information
2. consider consequences/compare
3. choose an item
500
Which is a better coupon for a $90 microwave- $20 off or 20% off?
What is $20 off?
500
Amazon sells 12-packs of shoelaces for $3.45 or single shoelaces for $0.43- what's the most cost effective way to buy shoelaces?