Simulation
How much do you have to save up for a pair of headphone?
What is
$250
What does budget mean?
What is
a plan for what you're going to spend your money on.
What is Financial Literacy?
What is
the ability to make good decisions with your money.
Which of the following statements is true about subscription services?
A. Annual billing is always cheaper than monthly billing.
B. Annual billing is always more expensive than monthly billing.
C. Subscriptions may come with hidden fees and automatic renewal.
D. Subscriptions don’t require contracts, so you can cancel anytime
What is
C. Subscriptions may come with hidden fees and automatic renewal.
What are you taking control of?
What is
The family budget
What does saving mean?
What is
to save means to keep for future use. You can save your money in a piggy bank, or in a savings account.
What are the 3 categories in the 50/30/20 budget rule?
What is
need, wants, and saving
The opportunity cost of spending $25 on a concert ticket instead of a new video game is:
A. The time you spent researching the new video game.
B. The $25 you don’t have for a new video game.
C. The $25 you don’t have a new video game plus the time you spent researching games.
D. The $25 spent on the concert ticket.
What is
B. The $25 you don’t have for a new video game.
What was the name of the simulation you played?
What is
Consumers Smarts
What does income mean?
What is
money earned through work.
What are one of the three ways to invest?
What is
stocks, crypto, and bank account with interests
Because influencers are sometimes paid to promote products, it’s a best practice to:
A. Never follow an influencer’s purchase recommendations.
B. Only purchase recommendations that are also available in physical stores so it’s easier to return.
C. Do your own research into product recommendations before purchasing.
D. Only take recommendations from influencers you trust
What is
C. Do your own research into product recommendations before purchasing
How many weeks were you saving for?
What is
4 weeks.
What does overdraft mean?
what is
a fee from your bank or credit union when you try to spend more than what is in your account.
Whose total saving at 67 was higher?
-Saver 1 who invested at age 25
-Saver 2 who invested at age 35
What is
saver 1
Which statement about online product reviews is true?
A. Look at the star ratings for the most unbiased information.
B. Older reviews are always the most reliable.
C. Newer reviews are always the most reliable.
D. People may post reviews about products they’ve never purchased.
What is
D. People may post reviews about products they’ve never purchased.
What will happen if you don't take your brother to the pool?
What is
you get a paternal disapproval
What does compound interest mean?
What is
when you earn interest on both the money you've saved and the interest you've already earned.
What was the total income of saver 1?
(doesn't have to be exact but close to it)
What is
$1,346,939.
When is it worth it to pay less money for a lower quality product?
A. When you’re willing to take a chance that it might not last as long as you hope.
B. When you only need it to last a short time and it fits in the budget.
C. When you want to spend as little money as possible.
D. It’s never worth it to buy a low-quality product
What is
A. When you’re willing to take a chance that it might not last as long as you hope.