Spending 1
A spending plan
what is a budget
What are three ways that we can earn money?
Answers will vary: helping parents with chores, dog walking, birthday cards, helping with yard work, garage sale, part time jobs, etc.
Purpose of advertisements is to ________________.
What is spend your money
1) Purchasing a new backpack for school (expense or income)
2) Getting a weekly $35 allowance for doing chores around the house (expense or income)
1) What is an expense
2) What is income
The two parts of a budget
What is income and expense
Students of your age group spend over 50% on what three items.
What is food, clothes, and electronics or streaming services.
Most common question to ask yourself when deciding to purchase something from an influencer is?
What is: is this a want or a need
What can be done with your money? (hint - there are 4 ways)
Spend, Save, Invest, Donate
Buy regularly and at same amount is what type of expense?
What is fixed
Buying music online is what type of expense?
What is variable
Give two common type of spending influences?
What is : (multiple answers)
If you make $500 each week and there are 4 weeks in the month, how much do you earn each month? Your expenses are $1300 each month. How much does this leave you for additional spending or to put into savings?
$500 X 4 = $2000
$2000 - 1300 = $700
I have $700 remaining for additional spending or to put into savings.
See where your money is going is understanding your___________.
What is spending habits
A trick to not overspend is to _______________.
What is adding a saving category to your spending plan
What is a strategy to prevent overspending because of influencers?
What is (multiple answers)
List 3 factors that interfere with our financial goals
Answers will vary: expenses, high level of debt, health, economic conditions, income, social supports, lifestyle, family situations, budgeting.