🧾 CHECK IT
A bill is $82.45.
You need to write a check for the exact amount.
Question: What numerical amount should appear in the amount box?
$82.45
You have $1,200.
You spend $875.
How much remains?
Answer: $325
Rent is $1,800 per month.
Two roommates split it equally.
How much does each person pay?
Answer: $900
A cell phone plan costs:
What is the total?
Answer: $95
You have $100 left in your budget.
You want to spend 80% on entertainment.
Should you spend it? Why or why not? Justify
Answer: There is no single correct answer. Students must justify their decision based on their financial priorities.
A check is written for $147.50.
Question: What should the written amount say?
Answer: One hundred forty-seven dollars and 50/100
Your monthly net income is $4,200.
Your monthly budget is $3,475.
How much money remains after your budget?
Answer: $725
Your monthly bills are:
What is the total?
Answer: $1,880
Your car repair includes:
What is the total?
Answer: $87.46
You can buy a $50 video game today or save the $50 for gas at the end of the month.
Which is the better financial decision?
Answer: There is no single correct answer. Students must explain their reasoning.
A check says:
Numerical amount: $425.75
Written amount: Four hundred twenty-five dollars and 57/100
Question: What is wrong with this check?
Answer: The numerical and written amounts do not match. The written amount should be $425.75.
You budget $600 for groceries.
You actually spend only 83%.
How much did you have left?
Answer: $498.00
Your family has $6,000 available for the month.
You spend:
How much remains?
Answer: $1,550
Your Disney budget is $4,800.
Your group spends:
How much remains?
Answer: $1,600
Your group is $200 over budget.
Name two expenses you could potentially reduce.
Possible answers: Entertainment, dining out, shopping, travel, subscriptions, etc.
A check has the correct date, payee, and amount, but missing one important bit of information.
Question: What important information is missing?
Answer: The signature.
Your monthly budget allows $450 for transportation.
You spend:
Did you stay within your transportation budget?
Answer: No. You spent $520., which is $70.00 over budget.
You have $500 available for an unexpected expense.
Your car repair costs 125% of your budgeted amount.
How much more money do you need to fix your car?
Answer: $125
Your group has $90 remaining from the Disney budget.
You want to purchase a souvenir for $65 and dinner for $40.
Can you afford both? Explain.
Answer: No. The total is $105, which is $15 over the remaining budget.
You are moving into your first apartment.
You have $2,500 in your checking account after receiving your paycheck.
Before your next paycheck, you must pay:
Rent: $1,200
Car payment: $425
Car insurance: $175
Phone: $85
Utilities: $140
You also need approximately $300 for groceries and gas.
Question:
Can you afford all of these expenses with the $2,500 you have? How much money will you have left?
Total expenses = $2,325
$2,500 − $2,325 = $175 remaining
Yes, they can afford the expenses, but they will only have $175 left until the next paycheck.
Your household owes:
You are paying all three bills with one payment.
Question: What is the total for the bills?
Answer: $153.90
You planned to save 8% of your net income of $4,000 each month for 6 months.
How much should you have saved?
Answer: $1,920
Your monthly income is $4,500.
Your expenses total $4,150.
You want to save at least $1,500.
Can you meet your savings goal without changing How long will it take you to reach that amount?
Answer: 5 months.
Your group planned a $1,200 Disney vacation.
An unexpected expense increases the trip cost by $175.
You have already planned to spend the full $1,200.
What are two possible ways to handle the problem?
Possible answers:
There can be multiple correct answers!
You have $3,000/month after taxes. Your monthly expenses total $2,750.
Your car suddenly needs a $600 repair.
Challenge: Create a new budget that covers the repair without increasing your income.
You must:
Decide what expenses to reduce or eliminate.
Decide whether to use savings.
Show your new numbers.
Explain why your solution is realistic.
There is more than one correct answer — your math and reasoning must make sense.
Use savings, not eat out for the month, use credit, etc.