Budgeting
What is a budget?
A plan for how to spend and save money.
What is a stock?
A share of ownership in a company.
What is a career?
A job or series of jobs someone does over time.
What is a brand?
A brand is the name, design, and reputation people associate with a product.
True or False: Saving a little money every week can help you reach a big goal.
True!
Name two examples of fixed expenses (costs that usually stay the same each month).
rent, insurance, internet, subscriptions etc.
What is a ticker symbol? Give a simple example
The abbreviated name of a company(META, AMZN, TSLA)
What types of things should you take into account when choosing a career?
Interests, skills, salary, location, required education, work-life balance.
What is a company?
A company is the business that makes and sells products or services.
If you buy one share of a company for \$10 and later sell it for \$15, what is your profit?
5$
If you make 15$ per hour, how much money do you make in one 8 hour work day?
120$
What does it mean when a company's stock price goes up?
More people want to buy it or investors think the company is doing well, so each share is worth more.
Why is it important to volunteer or shadow professionals in a career you may be interested in?
Volunteering or job shadowing lets you see real tasks and decide if you like them.
Give one example of a brand and the company that owns it (a simple, kid-friendly example).
Example: Brand = Air Jordans(shoes); Company = Nike. (Other valid examples accepted.)
Create a 1-sentence elevator pitch for a made-up product you would sell at a school fair.
(Teacher reads student pitches.)
Explain the difference between a want and a need and give one example of each.
Need: essential (example: food, shelter). Want: not essential (example: video games).
Name a basic source you could use to research a company before buying its stock.
Yahoo Finance!
What is a transferable skill? Give two examples that are useful in many jobs.
Transferable skills: communication, teamwork, problem-solving, time management.
Why might a company have more than one brand?
To reach different customers or sell different types of products without confusing buyers.
You have $12 and want to split it equally among three friends to buy snacks. How much does each friend get?
4$
You plan a small fundraiser and expect to bring in $200. You need to spend $70 on supplies and $30 on snacks. How much profit will you have left to donate or save?
Profit = 200 - 70 - 30 = 100 → \$100.
What is cryptocurrency and why is it unique?
Cryptocurrency is a form of digital money. It has a very large stock price.
Choose a career (teacher, nurse, software developer, chef, or another). List two typical daily tasks and one skill you would need for that job.
example: teachers teach, do lesson plans, support students.
A brand focuses on how customers see a product (logo, message). Describe one way a brand can affect a buyer’s choice and give a short example.
Branding can make people choose a product because it looks trustworthy or fun (example: bright packaging attracts kids).
Imagine you want to start a small business selling handmade bracelets. List three startup costs you might have and one way to advertise them at school.
Examples: materials (beads, string), packaging, table fee; advertise with posters, school announcements, social media for parents, or word-of-mouth.