Saving and Spending
Wise Consumer
Jobs and Careers
Vocabulary
Mystery
100
What are three things you can do with you money?
Save, Spend, Share (donate)
100
In the story Tanya's Money Problem, who was the wiser consumer and why?
Thad - saves money for the things he wants
100
Shanda needed to have specific training in her field and a a Bachelor's Degree to work at her current place of employment. She makes an annual salary of 54,000. She has great satisfaction in her work, in addition to job security, but she tends to take a lot of work projects home to complete over the weekends. Does Shanda have a job or a career?
Career
100
If you invest your money in stock and the business you invest in is doing well, you may get a bonus! This bonus money is called a ___________.
Dividend
100
Which of the following is NOT a source of credit? a) ATM b) Credit Union c) Credit Card Company d) Bank
ATM
200
Name three ways you can pay for something
possible answers include: check, cash, debit card, credit card, loan
200
Is it a wiser choice to pay for a video game with a credit card or with a debit card and why?
Debit - you will be charged interest for using the credit card
200
Tristen goes to his place of employment so he can make enough money to pay for his car insurance, gas, and groceries. He makes $10 an hour and he does not need any specific training for his position. He enjoys what he does at work, but does not want to continue working there for much longer. Does Tristen have a job or a career?
Job
200
Money that is added to the cost of a service or good that goes to the government is called __________.
Tax
200
What are the three types of advertising?
humor, testimonial, bandwagon
300
Wise consumers like to establish good credit so they will be allowed to take out loans if they need to with a low interest rate. How can you establish good credit? a) Buying a lot of things with cash and being careful never to use a credit card b) Returning all of your books to the library in a timely manner c) Paying all of your bills on time and not accumulating too much debt d) Taking out loans
c) Paying all of your bills on time and not accumulating too much debt
300
People have jobs and careers so they can earn money. This money they earn is called _____________.
income
300
The price paid for using someone else's money is called ________
Interest
300
What is the word that means you don't have enough of something?
scarcity
400
Name the safest place to put your money.
A savings account (bank is also an acceptable answer)
400
Angie and James are best friends! They do everything together, but have very different spending habits. Angie like to spend most of her money on candy and Pokemon cards. Sometimes, she spends all of her money on these items and has to borrow money from others (take out a loan) to pay for her lunch at school. James like to spend his money too. He likes to buy BluRays and DVDs. (He loves movies). He creates a spending plan so he knows just how much he can spend on his movies and how much he needs to save. He saves half of his money so he always has enough for lunch. He has even almost saved enough money to buy something he has really been wanting - a necklace for his mother for her birthday. Who is the wise consumer?
James
400
What is the first thing you should do before searching for a job or a career? a) Create a resume and go to interviews b) Go to college c) Think about what you enjoy doing and what you are good at so you can start looking for an enjoyable job/career that you would be good at d) Think about what kind of job/career will enable you to earn the highest income. e) Graduate highschool and get a college degree
c) Think about what you enjoy doing and what you are good at so you can start looking for an enjoyable job/career that you would be good at
400
What is another word for a spending plan?
Budget
400
Pretending to be someone else for financial gain is called
Fraud or identity theft
500
It is always a good choice to save your money to buy things that are important to you, but sometimes, it is okay to take out a loan or put something on credit. Name two goods or services that you may need to take out a loan to purchase and explain why you would need a loan.
Possible answers: house, car, college tuition Why - high-priced, nearly impossible to save enough for these
500
How can you show you are a wise consumer and establish credit worthiness? (choose all that apply A) Keep debt low B) Use a credit card to purchase items C) Do not use a credit card for anything D) Pay your bills on time E) Pay a dividend
A) Keep your debt low D) Pay your bills on time
500
Name three differences between a job and a career
Answers may vary, refer to bulleted list from a previous lesson for correct responses.
500
What word means the desire to help others?
Philanthropy
500
What is another name for a written agreement and when might you sign one?
contract, answers may vary but include things such as buying a car or house
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