CREDIT
What is credit?
Credit is the ability to borrow money or access services with the understanding that you will return it in a certain time.
What is Debt?
What is tax?
What is a Budget?
A budget is a plan for how you use your money!
Is it bad to have a bad credit?
Yes
No
Yes
Shiza borrows money from Cindy and has 1 more month to return the favor. Is shiza in debt?
a) yes
b) no
Yes
Shiza is in debt because she has to return some money.
What is the Percentage of tax in canada?
%13 tax
Why is having a budget important?
A budget is important because it is good to keep you in check. You shouldn't use too much money on things you dont need.
Evie, Simi, and Janvi want to go buy many groceries for a surprise party for Ms. Figotina's 30th birthday. They dont know if they should use their credit or there debit to buy it
a) credit
b) debit
c) depends
CREDIT
Evie goes to the bank and borrow's $100. She needs to pay for a $65 necklace for her mom. how much money does she still have and is she in debt to return it?
She has $35 left that she can use and yes she is in debt.
100-65=35
What type of Tax do we pay in canada?
Income Tax
Sales Tax
and
Property Tax
Your parents give you a budget of $36 for Video games. You decide to use $27 to buy a used version of Mario for your PS4. Explain how much money is left in your budget.
36-27 = 9
You have $9 left in your budget for video games.
Charis and Daphne are planning on buying a boat on credit for use during summer. Charis will be the main signer for the loan, with Daphne being the co-signer
Should they use credit?
a) yes
b) no
c) depends
Depends
Aaron and Luxshan are taking a road trip. They go to a gas station and use the money they borrowed from Aarons mom. They borrowed $400 for the road trip. They used it all and got back home. They both have jobs and they are going to use that money to return the $400. They both need to earn ____ each to repay Aarons mom.
They need to get $200 each.
200+200= 400
Jayden buys a $20.00 gift for Jason. How much is the gift plus sales tax?
20 x 0.13= 2.06
$20.00 + 2.06 = $22.06
The gift with sales tax is $22.06
You want to buy a toy and you have $30 in your budget. The toy is $18. You buy the toy with $18 in your budget. How much money do you have left in your budget?
30 - 18 = 12
You have $12 left in your budget.
At the end of the month Haruto had to pay his bill's to the goverment based on what he used with his credit.
He needs to pay his home bills, food bills, health insurance bills, etc. He soon realizes that he needs some more time to earn the money to pay his bills.
do you know what can happen if you turn your bills in late?
you can get additional late fees or your intrest rates may rise.
It's ok if you didn't know this question!
Eva asks Evie if she can borrow $15. Evie agrees, so Eva gets something and uses all the money. Eva now needs to return $15. In what way can she return it?
She can return the $15 in many ways including
1. A online platform for sending money to people
2. Cash
3. A check
ETC
Annabell buys a $34.06 water bottle for the new school year. with %13 sales tax, how much will it cost together?
34.06 x 0.13 = 4.43
34.06 + 4.43 = 38.49
It will cost %38.49 in total
Walmart sells 10 granola bars for $7.00. Supermart sells 19 for $9.17. Which is a better deal?
Supermart
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