Budgeting and Smart Shopping
True or False: A budget helps you plan how to spend your money.
True
A laptop costs $600. You already saved $250. How much more do you need?
$350
Which payment type uses paper money and coins?
BONUS
Cash
IF CORRECT, ROCK PAPER SCISSORS OTHER TEAM- IF YOU WIN GET 300 POINTS
What is money taken out of your paycheck for taxes called?
DAILY DOUBLE
Deductions
What is a career?
EXTRA QUESTION IF RIGHT
A job or profession someone works in long-term.
If correct, name other jobs Miss Chrissy has had: 100 points for each job
You can buy 4 large pizzas for $18 each or 8 small pizzas for $10 each. Which option is cheaper?
DAILY DOUBLE
4 large
Why is it important to save money for emergencies?
Unexpected expenses can happen at any time.
What payment type takes money directly from your bank account?
Debit Card
A worker earns $16 per hour and works 30 hours. What is the gross pay?
$480
True or False: More education can sometimes lead to higher earnings.
True
Why is unit price important when grocery shopping?
It helps compare the true cost of items to find the best value.
A student wants to save $240 in 6 months. About how much should they save each month?
$40 a month
True or False Credit cards take money directly from your savings account.
False
Name 3 things taxes help pay for:
Schools, roads, police, parks, etc.
Name 3 types of income:
IF RIGHT, LUCKY ROLLER
Salary, tips, commission, hourly pay, freelance pay, allowance, etc.
IF CORRECT, ROLL TWO DICE. IF THEY ADD TO OVER 7 YOU GET 400 POINTS
What is an impulse purchase?
Buying something without planning for it first.
Why might creating a monthly budget help someone avoid debt in the future?
Answer: A budget helps track spending, plan ahead, and avoid spending more money than they have.
Why can using a credit card irresponsibly become a problem?
You may go into debt or owe interest.
What is the difference between gross pay and net pay?
Gross pay is total earnings before deductions; net pay is take-home pay.
Name a type of job for
1. hourly pay
2. salary
3. commission
DAILY DOUBLE
1. fast food worker, retail job, nj transit workers etc.
2. teacher, docotor, athlete, etc
3. relator, car salesman, etc
A student buys mints every school day for $6 for 4 weeks. About how much money do they spend on snacks?
$150
A student wants to save $500 in 5 months. They already have $125 saved. About how much more do they need to save each month to reach the goal?
BONUS IF RIGHT
$75 per month
IF CORRECT, EACH PERSON HAS TO GIVE AN AGE OF SOMEONE ON THEIR TEAM IF CORRECT GET 300 POINTS
Why is paying only the minimum payment on a credit card dangerous?
Interest builds up and debt lasts longer.
Why might two people working the same number of hours still receive different amounts of take-home pay?
They may have different tax deductions, benefits, pay rates, or withholding choices.
A salesperson earns extra money for selling products. What type of income is this called?
Commission