Methods of Payment

Paying

100

I pay for something using paper and coins, what method of payment did I use?

Cash

200

I pay for something using a card that takes money from the bank that I will have to repay, what method of payment did I use?

Credit card

300

I pay for something using a card that takes money from my bank account, what method of payment did I use?

Debit card

400

I pay for something using a special piece of paper, what method of payment did I use?

cheque

500

I pay for something using my online banking account, what method of payment did I use?

eTransfer

Types of Payment

100

I may pay for a pack of gum using... (2 answers)

Cash

Debit

200

I may pay for my groceries using... (3 answers)

Cash, Credit card, or Debit card

300

I may pay for a donation to charity using... (3 answers)

Cheque, eTransfer, cash

400

I may pay for my rent using... (3 answers)

eTransfer, Credit, Debit

500

I may pay for Disney+ using... (2 answers)

Credit, Debit

Is this reasonable?

100

I bought a banana for $5, is this reasonable?

NO!

200

I bought a house for $750 000.00, is this reasonable?

Yes it is!

300

I bought a video game for $60.88, is this reasonable?

Yes it is!

400

I bought a pack of gum for $3.00, is this reasonable?

Yep!

500

I bought a Nintendo Switch for $400.00, is this reasonable?

Yes!

Good or Bad purchase?

100

My total budget is $700.00/month. I bought $200.00 of groceries, and my rent was $475.00. I also bought a new video for $40.00 game to try out. Was this a good use of my budget?

No. I should have waited to buy the video game when it was in my budget, or saved the leftover money until I have enough.

200

My total budget is $900.00/month. My rent costs $500.00, and my food for the month was $300.00. Do I have enough to buy a new hockey stick that costs $100.00?

Yes I do. I could spend the rest of my budget on the stick or wait until I have more spending money in case I have an emergency.

300

My total budget for a shopping trip is $100.00. I have already spent $80.00, should I buy lunch for $20.00 or buy a new shirt for $20.00?

Buy lunch because food is a need and a shirt is a want.

400

My budget for the month is $600.00. My credit card bill is $100.00, I owe my friend $75.00, and my expenses are $550.00. Do I have enough to pay for everything?

No. My credit card, debt to my friend, and my expenses add up to $725.00 which is $125.00 over my budget.

500

My budget for the month is $500.00. I purchase a chair for $50.00 + tax (13%), my rent is $400.00, and I need $40.00 of groceries. Do I have enough money in my budget?

Yes, I will have $3.50 left over.