Economic Attitudes
We could go to McDonald's, Pizza Hut, Dominoes, or Taco Bell.
What is I'm hungry and don't know what I want?
The candy display at the register
What is impulse spending?
I'm an object, a place, a way to keep things safe.
What is a bank?
I will give you half of my sandwich for half of your banana.
What is trading?
Opportunity cost
What am I willing to give up?
I had an argument with my friend so I'm going to the mall.
What is emotional spending?
Every kid will love this.
What is targeted advertising?
I attach myself to savings and to debt.
What is interest?
Would you take 50 cents instead of 75 cents for that toy? It's all I have.
What is bartering?
Interest rate on purchases
It's on sale, so it's a deal. Let's get some.
What is buying without a budget.
You can't eat just one.
What is catch phrase advertising?
If I wait a day when I want to buy something.
What is the 24 hour rule?
Buy now and pay later
What is credit?
Credit Card Annual Fees
What is cost of having a credit card?
Let's see, how much does that cost?
What is a savvy shopper?
Models, vacation spots, having fun.
What are lifestyle advertisements?
Time, money, effort are all part of this and bring about positive changes.
What is an investment?
You can borrow some for a small fee. Let's agree to work together.
What is a loan?
Flexible vs Fixed
What are types of interest fees on large purchases?
If I get those tickets now, and Jon has a party the same day, I won't know which to do?
What is opportunity cost?
Nike, Nurieva, Vitamins, Diet Foods.
What are motivational advertisements?
Making a list before going shopping
What is shopping on a budget?
A promise to pay later without a contract
What is an IOU?
Income - Expenses =
What is the formula for disposable income?
Getting only what's on my list
What is budgeting
Everyone I know is wearing these.
What is peer pressure or friendship influence?
Add a dollar a day untouched for five years
What is $1,825.00?
Buying in bulk and sharing the cost
What is stetching a dollar?
Water, Electric, Gas, Phone bill.
What are variable (Flexible) expenses?