Money Managment

Problem Solving

Best Buy

Vocabulary

Make the change

Bonus

100

You are going out to lunch with your friends and you need to split the bill 3 ways. How can you do this?

Venmo, put down 3 credit cards, or pay cash and spilt three ways.

100

You are buying 2 video games at the store. Which deal is better?

A. Video Game: $60.00 Buy one get one free

B. Video games: $20.00 and $30.00

100

Withdrawl

Taking money out of a bank

100

You are buying:

Granola Bar = $1.50
Juice = $2.00

Question: If you pay with a $5 bill, how much change should you receive?

1.50

1 dollar and 50 cents.

100

Surprise Expense Your budget was $40 for groceries. At checkout your total is $47.

Are you over or under budget? What should you do?

Answer: Over budget by $7, would need to put something back or modify your budget in another "fun" category.

200

What is 20% off of $50.00?

$10.00

200

CABLE

A. Verizon: 10% off of $70.00

B. Optimum: $62.00

Optimum

200

Deposit

Putting money into a bank account

200

You purchase:

Pretzel = $4.50
Soda= 3.25

You pay with a $10 bill.

2.25

2 dollars and 25 cents.

200

You notice you're being charged $10 every month for an app you never use. What should you do?

Cancel the subscription so you stop spending money on something you don't use.

Bonus 100: Is this a want or need?

300

If you have a coupon for 10% off of a bill at game stop and your bill came to $67.12. What is the total of your new bill?

$60.41

300

What is the better deal?

Oranges 3 for $6.00

Oranges $1.00 each

300

Income tax

An income tax is a portion of your money that you pay to the government based on the wages, salaries, investments, or other earnings you receive

300

You purchase:

Pasta = $2.00
Pasta Sauce = $3.50
Garlic Bread = $2.60

You pay with a $20 bill.

11.90

11 dollars and 90 cents.

300

You drop your phone and need a screen repair.

Cost: $60

Questions:

Which wants could be eliminated from your budget to afford this?

Eating out less often
Skipping specialty coffees or energy drinks
Delaying the purchase of a new video game
Buying fewer snacks or treats
Waiting to buy new clothing that isn't needed
Reducing spending on streaming services, apps, or subscriptions
Postponing a souvenir or entertainment purchase

400

What should you do if you don't have enough money to buy 5 items at the store?

Put one of the items back.

400

What is the better deal?

2 large pies, 2 sodas, and a box of wings- $34.00

2 medium pies, 2 sodas, and a box of wings $33.99

2 large pies, 2 sodas, and a box of wings- $34.00

400

Debit card

Money that is stored on your card from your bank.

400

You purchase

Chick fil a: 12.25

Target groceries: 28.22

You pay with a $50 bill.

9.53

9 dollars and 53 cents.

400

What are safe and legal ways to earn extra money?

Completing surveys on a trusted website
Using a cash-back rebate app when shopping
Helping with yard work or pet care
Selling unwanted items on a trusted website

500

What happens if you do not get the correct amount back when you check out at the grocery store?

Ask the cashier for the correct change.

500

Toothpaste

3 for 1.99

5 for 2.99

500

Credit card

Money that is borrowed from a lender in which you need to pay a bill for at a later date.

500

You are spending the day at Disney and have a $100 bill. You stop at a snack stand and buy:

Mickey Pretzel: $8.99
Bottled Water: $4.50
Ice Cream Bar: $6.33
Hat: $27.88

You pay with $100.

Question:
How much change should you receive?

52.30

52 dollars and 30 cents.

Bonus 100: Can you buy the 52 dollar spirit jersey in TOTAL?

500

You want to go to disney but know it is expensive to pay for tickets, transport, and snacks.
what is one way to make it cheaper/more affordable?

Bring your own snacks or water

Look for discounts or special deals.

Share transportation costs with family or friends.

Skip souvenirs or set a souvenir budget.

Save a little money each paycheck until you reach your goal.