Budgeting
Savings
Needs vs Wants
Making change
Unit Pricing
100

Money you receive is called: 

What is Income?

100

Saving $20 a month for three months to buy a new pair of shoes is an example of what?

What is a short term savings goal?

100
A medical bill would fall into this category.

What is a need?

100

You go to the grocery store and by a soda that costs $1.89.  You hand the cashier $5.00.  How much change will you get?

What is $3.11?

100

Paying attention to per unit pricing is important because it helps you figure out what?

What is:  Which item is the better deal?

200

Money you spend is called:

What is Expenses?

200

According to the 50/30/20 rule what percentage of your income should be set aside each month in savings?

What is 20%

200

Going to a concert with friends would fall into this category.

What is a want?

200

You are supposed to get 65 cents in change at the store.  What coins would you use to make 65 cents using the smallest number of coins?

What is:

2 Quarters

1 dime

1 nickel

200

Which is the better deal:  $5.99 for 12 rolls of toilet paper or $7.99 for 18 rolls

What is $7.99 for 18 rolls?

300

According to the 50/30/20 Rule, 50% of your income should be spent on what?

What is your Needs?

300

Name 2 ways you can save money on everyday expenses when you go to the grocery store?

What is:  using a coupon, buying an item on sale, comparison shopping, paying attention to unit pricing, using store apps

300

50% of my income each month should be spent on what?

What are needs?

300

You buy something at the store for $15 dollars.  You pay with a $20 bill.  What dollar bill amount should you get back as change?

What is a $5.00 bill?

300

In order to find out the unit cost on an item you have to do some math.  What math equation do you have to do?

Divide the price of the item by the number of units (rolls, ounces, pounds, etc)

400

According to the 50/30/20 Rule, 30% of your income should be spent on what?

What is your Wants?

400

Saving $200 a month for a year for a special vacation would be an example of what?

What is a long term savings goal?

400

30% of my income each month should be spent on what?

What are wants?

400

You buy a new pair of shoes for $76.83.  You pay with a $100.00 bill. How much change should you get back?

What is $23.17?

400

Which is the better deal?  A 16 oz bottle of shampoo for $4.00 or a 35 ounce bottle for $7.00?

What is a 35 ounce bottle for $7.00?
500

Why is it important to have a budget?

What is: So you don't spend more than you earn. OR, so you have a plan for how you will spend your money.

500

A savings account that has 3-6 months worth of money to cover your expenses in case you loose your job would be called what?

What is an emergency fund?

500

List at least three things that would be considered needs.

 What is:  Rent, groceries, transportation costs, medical bills, Insurance, Utilities (electricity and water).

500

If $23.17 is the amount of change you should receive back, list what dollar bills, and what coins you should receive to make that amount using the least number of coins and bills possible.

What is:  1 $20.00 bill, 3 $1.00 bills, one dime, one nickel and 2 pennies.

500

What is the better deal?  A 6 pack of soda for $5.34 or a 24 pack of soda for $9.99?

What is a 24 pack for $9.99?

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