Financial Decision Making
Budgeting
Decimals
Rounding
Game of Life
100
What is it called when you can't have everything you want or need?
Limited means
100
What is a budget?
It is a plan to spend your money.
100
.48
x
.21
.1008
100
What is $1.2843 rounded up the nearest hundredth?
$1.28
100
What is interest?
A charge for borrowed money?
200
Is food a want or a need?
Need
200
What two things do you have to consider when using a budget?
Need vs. want
200
.33
x
.24
.0792
200
What is $8.76 rounded to the nearest dollar?
$9.00
200
What is a checking account?
A bank account where you can take out money (by writing checks).
300
Is a new iPad a want or a need?
Want
300
What is the total budget?
$4,350
300
.88
x
.42
.3696
300
What is $1.9929 rounded to the nearest hundredth?
$1.99
300
What are income taxes?
The money you repay the government based on your income.
400
If you are deciding between going to the movies with your friends, which costs $18, and going to dinner at your friend's house, which costs $0, what is an example of an opportunity cost in this scenario?
Spending money to see a movie or saving money by having dinner
400
How much do you spend per year based on your monthly expenses?
$52,200
400
$1.54
x
.83
1.2782
400
What is $642 rounded to the nearest hundred?
$600
400
What is a salary?
The amount of money you make from your job.
500
What are these examples of?
- Setting goals
- Prioritization of needs vs. wants
- Opportunity costs
Making choices with limited means
500
What percentage of your total monthly cost is housing?
37%
500
$1.33
x
.25
.3325
500
What is $552 rounded to the nearest hundred?
$600
500
What is a loan?
Borrowing money with a promise to repay it (plus interest!)