Session 1
What is a need?
Something you must have to live and stay healthy.
What do we call it when we have limited money and cannot buy everything we want?
Scarcity
What is budgeting?
Planning how to use your money.
What is a skill?
The ability to do something well through practice and learning.
What is Dharshan otherwise fondly known as?
Dustbin
Which of these is a need?
A. Bubble Tea
B. Water
Water
In the game, some teams ended up with negative money. What does this mean?
They were in debt / spent more money than they had.
How much money did each team start with in the budgeting game?
$40
Which chair would usually cost more?
A. A wooden chair that takes 3 hours to make
B. A plastic chair that takes 30 minutes to make
The wooden chair
What school are we from?
VJC
True or False:
A want is something that is nice to have, but you can live without.
True
What is a trade-off?
Giving up one thing to get another.
Could teams move unused money from one round to another?
No
Why did the wooden chair cost more?
It took more time, effort and skill to make
Give 2 fun facts about the volunteers
Likes to eat strawberries
Was born left-handed
Sarah has enough money for only one item:
A new toy or lunch.
Which should she buy first and why?
Lunch, because food is a need while a toy is a want.
You have $10 left.
Would buying:
A. One meal
or
B. More Robux
usually be the wiser choice?
Why?
The meal, because it is a need and helps keep you healthy.
Why did every round need at least $4 allocated to it?
Because there was a compulsory participation fee of $4.
In the origami game, why were some origami pieces worth more points than others?
They required more skill, effort and time to make.
Which volunteer has been here for all 5 sessions?
Charmaine
Why is it important to know the difference between needs and wants?
So we can spend money wisely and make sure important needs are paid for before buying things we simply want.
During the game, some children bought many fun items while others saved more money.
Why might the children who saved money be better prepared for the future?
They have money left for future needs or emergencies and won't go into debt.
A team spends almost all their money in Round 1 and has very little left for the next three rounds.
What budgeting mistake did they make?
They did not plan ahead and spent too much too early.
How can learning new skills help you earn more money when you grow up?
People with better skills can often create better products or provide better services, so others are willing to pay more for their work.
Name all the volunteers that have come at least once
Tharun, Aliyah, Zandon, Dharshan, Zoelle, Charmaine, Shanice, Terrance, Pranav, Eugene, Hannah