Making Money
This is money you borrow and promise to pay back later.
What is a loan?
This type of bank account is usually for everyday spending, like buying snacks or toys.
What is a checking account?
Your monthly subscription for a streaming service is usually this type of expense.
What is a fixed expense?
The government uses the money to pay for things that people need. Such as schools, post offices, hospitals, etc.
What is taxes?
What SZA song is named after an alarm button?
Snooze
You borrow $75 to buy a game and agree to pay back $85. How much of that $85 is profit for the bank?
What is $10?
This type of bank account is for keeping money safe and earning a little extra over time.
What is a savings account?
Garret pays $75 for wifi each month. He paid $65.75 one month for his water bill, $59.89 another month, and $62.37 another month. Which of these is a variable expense, wifi or water bill?
What is the water bill?
You calculate your income and how much tax you owe once a year. This is called...
What is a yearly tax?
What subject are you good at?
I can help with every one except science.
You sell cupcakes for $15. You spent $7 on ingredients, $2 on decorations, and $1 on cups. Your profit is…
What is $5?
Name 3 things you can do at a bank.
Open a checking account
Open a savings account
Withdrawal money
Your soccer fee is $30 per month, but you buy a $10 uniform once. Which is fixed and which is variable?
What is $30 fixed, $10 variable?
You earned $20, and your tax is $4. You spend $6 on candy. How much money do you have left?
What is $10?
Who is your best friend?
I hope I am.
You bought $5 of candy to sell at a lemonade stand and made $7 selling lemonade. You forgot to subtract your candy cost at first. The $2 left is…
What is profit?
You might keep most of your money in this account and only transfer a small amount to spend each month.
What is a checking account?
Carter spent $35 on a video game in January. In February, he bought another video game for $65. And, in March, he didn't buy any video games. What type of expense is this?
What is variable expenses?
You bought candy for $5 and the government collects $0.40. You think it’s too much and get $0.10 back. The $0.10 is…
What is tax refund?
What is Kendrick Lamar’s ethnicity?
Banks use this to make money from loans.
What is interest?
You might keep most of your money in this account and only transfer a small amount to spend each month.
What is a savings account?
You plan a yearly birthday party. You buy decorations one month for $20, and cake another month for $15. These are…
What is variable expenses?
If you earn $1,000 in a year, pay $200 in taxes, and then get a $50 refund, how much tax did you actually pay?
What is $150?
68/2 = ?
34