mental math
A $80 Nee Doh the size of a basketball has a 50% discount. What is the price at the counter?
$40
What do we call it when a store lowers the original price of an item?
Discount
What is the formula for finding your Net Worth?
Assets - Liabilities = NET WORTH
What is the extra money you leave at a restaurant to thank someone for good service?
Tips/Tipping
Exactly how much money does it cost to be a decent person?
zero dollars & zero cents
A $100 pair of Nike Dunks is on sale for 25% off. What is the discount amount?
$25
What is money you earn from a job, allowance, or selling something?
Income +
Making payments on your new vehicle.
Asset or Liability?
Liability - something you owe
What is the name for a plan that helps you decide how to spend, save, and track your money.
Budget
How many even number U.S. bills are there?
4: $2, $10, $20, $100
A $10 family reunion size bag of Taki's is on sale for 30% off. What is the total after the discount?
$7
What is the name for money people pay to the government to help pay for things like roads, schools, and police?
Taxes
You own $900 worth of assets but owe $300. What is your net worth?
$600
What do we call money that you spend on things you need or want?
Expense -
What is the #1 reason we have fire drills at BIMS?
5th & 6th graders putting literally anything in the microwave for more than 30 sec.
What is 4.05 as a percent?
405%
If you owe money on something like a loan or credit card, what is that called?
Liability
Having $1,400 in a savings account.
Asset or Liability
Asset - something you own
What math word means “out of 100”?
Percent %
When you buy things and sales tax is included what does the tax help fund?
Roads, Highways, Gov/State buildings, Gov/State vehicles, Education
You put $100 into a savings account and it earns 20% interest each year. After 3 years how much will you have?
$160
If you own something valuable like a bike, a phone, or money in a bank account, what financial word describes it?
Asset
You have $1,200 in assets. You owe $250 on a credit card and $150 to a friend. What is your net worth?
$800
Your money in a savings account grows a little over time because the bank pays you extra money, what is that extra money called?
Interest
It is proper etiquette to not discuss yours or others _________ unless mutually agreed.
Finances/Money Situation/Pay
You have $500 in savings and earn 5% interest. How much interest do you earn in 1 year?
$25.00
What bank account is for everyday spending?
Checking
You own a car worth $5,000, a bike worth $300, and $1,200 in cash. You owe $2,000 on a car loan, $150 on a credit card, and $50 to a friend. What is your net worth?
$4,300
What type of spending card is used for everyday purchases?
Debit Card
This type of pay is usually an annual amount spread throughout 12 months. Hint: you typically get paid once a month for all of the days you work instead of hourly pay.
Salary