Spending your P&I
What are some ways to make your weekly/monthly P&I last?
-stick to buying necessities
-avoid impulse buying
-leave some cash at home so you don't end up spending all of your P&I at once
-shop smart and purchase low-priced items
-shop at budget-friendly stores such as Dollar Tree or General Dollar
Would you lend money to other people if they ask?
(multiple responses accepted)
Which store has cheaper items, Dollar Tree or Walmart?
Dollar Tree
What is the name of the money the US uses?
Dollars
Which weighs more, the human heart or the human brain?
Human brain
These are ways companies get you to buy things you don't need.
-appealing advertising
-describing the item in a way that makes it sound way nicer than it actually is
-appearing to give you a deal that actually makes you end up spending more money
-making you feel as if you can't live without this product
-etc.
What would you do if you lent money to someone and they never paid you back?
-don't lend them money again in the future
-inform your housing manager or another authority figure so they can speak to this person
When shopping, what are some things you can do to spend less money?
-compare prices of items before choosing one
-avoid impulse buys
-stick to only what you wrote on shopping list
What is the name of the money England uses?
What is the villain's name in Little Mermaid?
Ursula
Is it wise to spend your P&I all at once or spend a little as you go?
-spend a little as you go
Do you think lending money to friends makes the relationship better or worse?
Sometimes worse and it is sometimes better to let them know you prefer not to lend your money to others.
Difference between an "impulse buy" and a "planned buy."
-Impulse buy is something you see and grab off the shelf but you didn't plan on buying it before.
-Planned buy is something you have thought about buying for a while and wrote down on your shopping list before going into store.
What is the name of the money Europe uses?
Euros
What is the color of the stars on the American Flag?
White
Where are places you can safely store P&I?
-wallet
-backpack
-purse
-drawer
-under mattress
What should you do if you borrow money from someone?
Pay them back as soon as you receive your P&I next time.
Tips to avoid impulse buying?
-only buy what is on your shopping list
-ask yourself if you will actually use the item you are thinking of buying
-avoid shopping when emotional, hungry, anxious, sad, lonely, etc.
Which president is on the dollar bill?
George Washington
How many legs does an octopus have?
Eight
What can you do if you run out of P&I but still need items?
-you will need to try and budget your P&I better next time
-ask friend or housing manager to borrow items for the time being
How can you avoid borrowing money from others?
Budget your P&I so you don't run out too soon.
Which is better, a generic brand or a name brand?
Typically generic brands are just as good as name brands.
Name brands cost more because:
-more money is spent on marketing name brands
-name brands spend 30% on their packaging, which they have to add to their price
Which president is on the penny?
Abraham Lincoln
What is the color of an emerald?
Green