Methods of Payment
This method of payment takes money directly out of your bank account immediately.
What is Debit?
You buy a snack for $1.25 and a drink for $2.10. This is your subtotal?
What is $3.35
In Ontario, we pay HST on most items. This is the percentage rate of HST.
What is 13%
This term refers to the total amount of money you have available to spend for a specific purpose.
What is a budget?
Store A sells 1 apple for $0.50. Store B sells 2 apples for $1.20. This is the better deal?
what is store A.
This is a "buy now, pay later" method. If you don't pay the full balance by the end of the month, you will be charged interest.
What is Credit?
You buy a toy for $8.50. You pay with a $10.00 bill. This is how much change should you get back?
What is $1.50
An item costs $10.00. Calculate the 13% tax.
What is $1.30
Food and shelter are examples of ______, while a new video game or a candy bar are examples of________.
What are needs and wants
A 2L bottle of juice is $4.00. This is the price per Litre?
What is $2.00 per Litre
This method is best for small purchases and helps you stay on a budget because you can physically see how much you have left.
What is Cash
This is how to give change for a $6.30 purchase paid with a $10.00 bill (hint: use the counting up method).
What is $6.30 + $0.70 = $7.00; $7.00 + $3.00 = $10.00. Change is $3.70
If a shirt costs $20.00, This is 13% of that price?
What is $2.60
You have a monthly budget of $40.00. You spend $15 on a movie and $20 on a gift. This is how much you have left?
What is $5.00
Pack A has 5 pencils for $5.00. Pack B has 10 pencils for $8.00. This pack has the lower "unit price". Explain.
What is Pack B because it is $0.80 per pencil vs $1.00
Sarah wants to buy a $1,200 laptop but only has $300 in her bank account. If she uses a credit card and doesn't pay it off quickly, this happens to the cost of the laptop.
What is increases because of interest
You buy three items: $4.50, $2.25, and $1.15. This is the total.
What is $7.90
You buy a hat for $20.00. This is the total cost including 13% tax.
What is $22.60
If your monthly income" is $2600 and your monthly expenses are $2782, this is how much you are overbudget.
What is $182
Bag A of flour is 2kg for $6.00. Bag B is 5kg for $10.00. What is the price per kg for the better deal?
What is $2.00 per kg for Bag B
These are examples of when someone would use a wire transfer.
What is buying a home, car or other large purchase.
You have $20.00. You buy a book for $12.65. This is the exact change you will receive (Hint: Include the specific coins you would receive so you receive the least amount of coins).
What is three toonies, one loonie, one quarter, and one dime, totaling $7.35
A video game is $79.99. This is the final price at checkout.
What is $90.39
This is why it is important to include "Savings" as a category in your budget?
What is to prepare for future goals or emergencies.
Box A of crackers is 200g for $4.00. Box B is 400g for $7.00. This is how much you save per 100g by buying the better deal. Explain.
What is $0.25 because Box A is $2/100g, Box B is $1.75/100g.