BUDGET BASICS
What is a budget?
A plan for how you will spend your money.
What is one advantage of buying a store-brand product?
It is often less expensive than the name-brand version.
Which is usually the better deal?
A. $4 for 4 yogurts
B. $3 for 6 yogurts
B
Name one inexpensive food that can be used in several different meals.
Examples: eggs, rice, beans, pasta, potatoes, chicken, tortillas.
ou're hungry while grocery shopping and suddenly want everything you see. What's one strategy that could help?
Eat before shopping and stick to your list.
You have $30 and spend $18. How much do you have left?
$12.
True or False: You should always buy the cheapest item.
False. You should consider price, quality, how much you need, and whether you'll actually use it.
A bag of chips is $4.99. It's on sale for $3.49. How much do you save?
$1.50.
True or False: Frozen fruits and vegetables can be a budget-friendly option.
True
You planned to spend $40 but your cart is already $48. What should you do?
Review the cart and remove or substitute nonessential items.
Why is it helpful to make a grocery list before shopping?
It helps you stay organized, avoid impulse purchases, and stick to your budget.
Name ONE thing you can do before grocery shopping to help save money.
Make a list, check what you already have, plan meals, or check sales.
What does "unit price" help you compare?
The cost of the same amount of product between different sizes or brands.
Which is usually more expensive?
A. Whole carrots
B. Pre-cut snack-size carrots
B - Pre-cut snack-size carrots
Your favorite cereal is $6, but a similar store-brand cereal is $3.50. What could you do?
Compare the ingredients/size and consider the store brand to save money.
You have $50 to spend. Your groceries cost $43.75. How much money is left?
$6.25
You need cereal. Brand A costs $5 and store brand costs $3.50. What is the difference?
$1.50
Two jars of peanut butter are available:
The 24 oz jar.
You need a quick breakfast. Which could be a lower-cost option?
A. Buying breakfast every morning
B. Making oatmeal at home
C. Buying a specialty coffee and pastry
B. Making oatmeal at home
You have $25 left for the week. You need milk, eggs, bread, and fruit—but you also want pizza and ice cream. What should you prioritize?
The foods you need first; purchase wants only if the budget allows.
You have $40. You need food for several days, but you also want snacks and a special drink. What's the best strategy?
Buy the essentials first, then see what money remains for wants.
Why might buying a large package sometimes save money—but sometimes NOT save money?
A larger package may cost less per serving, but it isn't a good deal if the food goes unused or gets wasted.
A name-brand item costs $6.50. The store brand costs $4.25. If you buy four store-brand items instead of name-brand, how much do you save?
$9.00
ou bought ingredients for one meal but have leftovers. How can using the leftovers help your budget?
It reduces food waste and can provide another meal without buying more food.
You're shopping with a friend who keeps saying, "Just buy it! It's only $3!" What question could you ask yourself before buying it?
"Do I actually need/want this enough to spend $3 of my limited budget?"