Protecting Your Money
Name the three ways to protect your money:
Insurance
Protective Gear
Savings Fund
True or False, if Mr. Babb works 40 hours a week at $10 an hour, he gets to keep his $400 that he made that week.
False, this does not include taxes and other fees that come out of the paycheck first.
Solve for Y
Y = X +15 where X=15
Y = 30
Name two factors that could affect your shopping decisions while purchasing a snack.
Brand, cost, flavor, size, eye - catching, time of day, etc.
What is Mr. Babb's all-time favorite hobby / side hustle?
Pokemon Cards
What is the difference between gross pay and net pay?
Your Gross Pay is the amount you've worked to earn, and after you pay your taxes and other fees you get to keep your Net Pay.
Solve for Y
Y = 3X where X = 7
Y = 21
Give an example of a value that is important to you when setting up your snack shack.
Any decent example of a common value
What is the name of Mr. Babb's special end of the week game days?
Fun Fridays
If I'm the safest driver in the world, is there any risk when I'm driving?
Yes, anything can happen on the road. You or anyone else could make a mistake. It's never 100% certain that you will be accident free.
If Mr. Babb makes $200 a week and spends $150 a week, then that $50 is his what?
(Weekly) Savings
Solve For Y
Y = 4 - 2X where X = 1
X = 2
What is a co-op?
A co-op is a special type of store that caters to the community and sticks to values like helping people in need in many different ways.
How old is Mr. Babb?
30 years old
Give 3 examples of any type of real life protective gear:
Garage / Shelter
Case / Screen Protector for phone or computer
Boat / Bike / Car Coverings
Stronger Paint / Roof for House
Helmet / Pads for people
Mr. Babb earns a Gross Pay of $400 at the end of the week. After 10% is taken out of his paycheck, what does he get to keep?
$360
Solve For Y
Y = 2(X+1) where X = 5
Y = 12
If you sell 10 snacks for $25, 20 snacks for $50, and 100 snacks for $250, how much does one snack cost?
$2.50
What is the code word used to tell students they can have free time?
Chillax
Mr. Babb has a cell phone, and is trying to decide on a plan to protect his money. He is the safest phone owner: he barely ever uses it, he never leaves it lying around, and he never takes it to dangerous places. He is in no rush, but he needs to pick a plan just in case. Which of the 3 options is best for him?
(Emergency) Savings Plan
If an annual salary of $36,000 were to be translated into an equal monthly paycheck, how much money would be earned in each individual monthly paycheck?
$3,000
Solve for Y
10Y = X where X = 1
Y = 1/10
How is it possible for some snack co-ops to give away their food for absolutely free without running out of money to operate? Give at least one reason.
Ingredients are natural and personally grown.
Supplies and money are donated by the community for those in need.
People can volunteer to work for free.
What is the best subject in the whole entire school?
Math / Math Connections