Budgeting Terminology
In one sentence, explain what ‘net income’ means as if you were explaining it to a friend who zones out during class.
Net income is the total amount of money (profit) remaining after subtracting all your expenses, taxes, interest (debt) from an individual's gross income
Grab something on your desk/backpack. Is it a NEED or a WANT? Defend your choice
Challenge their take other team (if you want), they'll get no points ... because there's no easy way to give you these points via this game mode LOL
womp womp sad trombone tiny violin
What type of expense is rent?
What is a _________ expense?
What is a fixed expense?
GBs on your phone plan tell you how much of this you can use.
What is _____?
What is data?
GB = Gigabytes
This type of technology is becoming more common at work and school. Maybe students sometimes use it to cheat, idk
What is _______?
What is AI
A bill that stays the same every month is called this.
What is a _________ expense?
What is a fixed expense?
Buying snacks every day can hurt your budget because this adds up.
What are _________ purchases?
What are small purchases?
A “Bring Your Own Phone” plan is cheaper because you are not paying for this.
What is the __________?
What is the phone/device?
A “Bring Your Own Phone” plan is cheaper because you are not paying for this.
What is the _________?
What is the phone/device?
AI struggles with jobs that need human feelings, also known as what?
What is _________?
What is empathy? ... or another emotion possibly.
Sahil and Piper, you can determine if the answer was good enough
Money you save and try not to touch is called this.
What are ________?
What are savings?
If you want to save money fast, name 3 expenses should you cut first
What are _______, _________, _________
Sam or Martina get to decide if those answers were good enough
Say ‘no’ to an imaginary friend who invites you somewhere too expensive ... but do it politely.
No gusto no points, with vigor friends, say it like you mean it or I won't give you the points
Bravo, jazz claps, slayed
If a phone plan costs $50 per month, how do you find the yearly cost?
I'll only give you the points if you can calculate it without using a calculator as well
What is multiply by 12?
10 x 50 = add zero from 10 onto 50 -> 500
2 x 50 = 100
$600
AI tools can help workers finish tasks faster. This is an example of improving what at work?
What is p___________?
What is productivity?
This fund helps you pay for surprises, like a broken phone or a flat tire.
What is an ___________ fund?
What is an emergency fund?
Saying “no” to friends when you can’t afford something shows good what?
What is self‑______?
What is self‑control?
If you and 3 friends split a $3450 rent, how much does each person pay?
You only get this if you do the math without a calculator
What is $1050?
3450 ------ 3000 , 450
3000/3 = 1000 , 450/3 = 150
I'm no math wizard but I love a good deal when I see one
Imagine you need a roommate. Describe the perfect roommate. 5 things they would do to make life easier around the house/in life
Now go be that person
Give me 2 reasons how you think AI will help in an industry/job of the other team's choosing.
We'll decide on this one as a class
A goal like “save for a PS5” is this type of money target.
What is a ________ goal?
What is a financial goal?
Spending more money than you have can lead to this.
What is _________?
What is debt?
Water, heat, and electricity are all examples of what extra cost when you rent a place?
What are __________?
What are utilities?
Imagine you’re moving out. What’s the first thing you'd buy for your place? Why?
Let's be diplomatic on this and vote to see if we think it was a good choice. My vote counts for however many votes I want it to because I say so
What is one skill humans will ALWAYS do better than machines?
I'd say something like the ability to empathize but I don't even know if that can be considered a skill...