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Vocabulary
Saving Strategies
Math Skills
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Random
100
Define EXPENSES

Things that you pay money for

100

When might the 50/30/20 rule not be the best saving strategy to use?

.. Hanchey will decide if answer is correct

100

$0.89 + $9.05 = 

$9.94

100

Is this a short term or long term financial goal?

Paying off student loan debt

Long Term 

100

What does it mean to pay yourself first? Explain why?

putting money in savings, because it is money you get  to use when you want to and not an immediate expense. 

200

Define EMERGENCY FUND

3-6 months of your monthly expenses saved for an unexpected expensive expense. 


give an example for 200 extra points

200

What should you use when you calculate percentages of each budget category?

after tax income 

200

What is 23% of 100?

23

200

How much of your paycheck should you save?

about 20%

200

Buying groceries, paying rent, having an emergency fund are a examples of which part of the 50/30/20 rule?

groceries = 50

paying rent = 50

emergency fund = 20 

300

Define SAVING STRATEGY 

a plan you make in order to keep money for the future

300

What is the pay yourself strategy?

immediately putting money into your savings account when you get your paycheck. 

300
Marissa had $34.89. She bought lunch for her friends. One meal was $5.38, the other was $7.89, and the hers was $12.89. She had a $2.00 off coupon. How much money does Marissa have left? 

$10.73

300

How much money should you try to save in your emergency fund?

3-6 months worth of expenses

300

What is one expense Ms. Hanchey pays for each month? Is this an example of the 50/30/20 part of her plan?

Hanchey will determine if answer is correct

400

Define SALARY

How much someone makes at the end of year without taxes being taken out. 

400
Marissa receives a $1,000.00 paycheck after taxes. According to the 50/30/20 rule, how much should she put aside for saving. 

$200.00 

400
Marissa has to by Christmas presents for her family. She budgeted to spend $25 per person on her list. She has to buy for her mom, dad, friend, and secret Santa. She also wants to buy a sweet treat for her co-workers that will cost $24.02. How much in total will she spend?

$124.02

400

50% of your paycheck should go towards...

30% of your paycheck should go towards...

20% of your paycheck should go towards...


what you need

what you want

what you save

400

Why is it important to learn about finances at a young age?

... Hanchey will decide if the answer is correct 

500

Define VALUES

what you determine as important to you. 
500

Complete the 50/30/20 plan for Steve

Paycheck before taxes = $1,768.92

27% of his paycheck goes towards taxes. 

check as a class

500

1.23 x 4 + 3 - 15 = 

-7.08

500

How can saving money be challenging?

Hanchey will determine if answer is right 

500

What was the importance of the simulation yesterday? What did you learn from it?

Hanchey will determine if the answer is correct