Money
How many cents are in a dollar
100
What is a savings account?
A place to put your money and gain interest
What is tax?
compulsory collection of funds from people's income to pay for important government spending for the public
What is the largest expense in your house
Your mortgage
You are paying for Mum''s dinner for her birthday. The cost for a 2 course meal is $35 per head.
How much do you pay?
$70
If you were to purchase a hamburger meal deal, what would be the cost?
Hamburger $5.00
Chips $2.00
Drink $1.50
$8.50
What is interest on your savings?
Money a bank will reward you for allowing them to look after your money
What is superannuation?
A compulsory addition to your income that is put away for your retirement
Name at least 3 types of bills that you will have to pay when you live under your own roof
Electricity
Gas
Phone/Internet
Food
You buy 4 concert tickets for you and your friends for $80 each.
How much do you have to collect from your friends?
$240
What is 10% of $100
$10
What is a credit card?
A pre-set amount that you can borrow
What does CPI stand for?
Consumer Price Index
What is a way to save on groceries each week?
Buy in bulk
Shop specials
Meal plan
Rego is coming up this month and I need new tyres. How much will I have left from my pay this month?
Pay$4000 Food & Bills $2000
Quarterly Rego $210.00
Tyres $800.00
$990
What is 20% of $200
$40
What would be the approximate interest rate for a credit card?
5% or 18%
18%
How is CPI measured?
A measure of the average change of consumer goods
3 Costs associated with owning a car
Rego
Insurance
Maintenance
Petrol
The class all want to put in for a gift for their teacher. If all 15 put in for a $45 gift, what would they have to pay each?
$3.00
What is the change from this transaction?
$100-
Havaianas $25
Denim shorts $40
$35
What are the top 3 personal identity documents to gain your 100 points to get bank account
Licence
Passport
Medicare card
EFTPOS card
Bill document
How old would you be if you retire and get your hands on your super?
65
What does a family need to earn weekly?
Monthly Bills- Gas $500
- Electric $600
- Mortgage $3000
- Food $1400
$1375
How much does it cost if you buy a coffee every day for a year?
The coffee is $5.00
$1,825
Same as a week in Bali