Row 1
Can we live without money?
What do you do when you live on your own?
Buy and prepare food.
What you receive for working at your job
Pay cheque
If Timmy wants to buy a car and it cost $4 and he has $2, how much money does he need to buy it?
$4
True or false, you should always spend more money than you have.
False
Do you work to earn money?
Yes
What is one of the deductions from your pay check?
Taxes
What is a budget?
An amount of money that is used for certain tasks
what is 8x2
16
Why is a budget important for how to save and spend money.
So you can spend a good amount without spending too much
How do you save money?
By spending less
What is an important document you may need?
Passport, birth certificate, health records etc.
Is it income, spending, saving, credit, or giving?
Putting aside $10 each month for college expenses.
Savings
If you had ten dollars and lose seven dollars how much will you have left?
3.00
True or false, it's not good to save money
False
What is net pay?
The money that someone is left with from their job salary after all deductions
Why is it important to safely keep your documents?
You need to be able to access them when you need them.
Is it income, spending, saving, credit, or giving?
Earning $20 for dog sitting for your neighbor.
Income
a bracelet cost $2.50 and you buy 3, what's your total cost?
$7.50
True or false, you should keep important documents like your passport
True
What is gross pay?
The money that someone makes before it is reduced by taxes
What is a deduction?
Money taken out or subtracted from a pay cheque
Is it income, spending, saving, credit, giving?
Buying a new video game.
Spending
Should you buy the things that you want first or the things that you need?
Need
If Luke has $10 and his mom gives him $10 on his birthday how much money does he have?
$20