Show:
Vocabulary
Expenses
Incomes
Needs vs. Wants
Bonus
100

What is a budget?

A spending plan that takes into account both current and future income and expenses.

100

True or false: An expense deposits money into your account

False

100

True or False - an income takes money out of your account every month.

False

100
In a budget, what defines a need?

Something that is required for you to live

100

True or false: The United States Treasury used to print $2 bills.

True

200

What is wealth?

Assets minus your debts

200

What is the national average to pay per month for a cell phone plan? 43$, 92$, or 127$?

127$

200

If someone is being paid bi-weekly, how many days are in their pay period? 7 days -- 14 days -- or 15 days?

14 days

200

In a budget, what defines a want?

Something that is important to you do have, but you could physically live without it

200

What was the average cost of gas in 1970?

$0.36 -- $.098 -- or $1.67?

$0.36

300

What are expenses?

Costs that you have to pay for

300

True or false: Car insurance is legally required in the State of Ohio

True

300

As of March 2022, Telsa owner Elon Musk is the richest person in the world. What is his net worth? (His total worth after taxes) $110 Billion -- $212 Billion -- or $233 Billion?


$212 Billion

300

Every modern living option needs electricity to function. How much is the average electric bill in Ohio? $78 -- $102 -- or $145?

$145

300

How much was a dime worth in 1960?

10 cents

400

What is income?

Money received on a regular basis.

400
What was the national average for a gallon of gas in 2021? $2.97, $3.01, or 3.22?

$3.01

400

If someone working in Ohio makes $200,000 a year, then taxes are taken out, how much will this person take home? Around $132,000 -- $150,000 -- or $165,000?

 $132,00

400
How much do Americans spend on coffee per month? $92 -- $102 -- 114$

$92

400

When was the first vending machine invented?

1823 -- 1884 -- or 1919?

1884-William Henry Fruen, of Minneapolis, patented his "Automatic Liquid-Drawing Device." Designed to look like a building, Fruen's device dispensed mineral water upon the deposit of a coin, making it America's first patented vending machine

500

What is an IRA?

An individual retirement account (IRA) and allows you to save money for retirement in a tax-advantaged way.


500

About how much money do Americans spend on fast food every year? $500,000,000 - - $102,000,000,000 - - or $2,000,000,000?

$2,000,000,000

500

What is the city income tax for Hamilton and Middletown? 1% -- 2% -- 3%

2%

500

How many days can a human being go without food?

Up to two months
500

What unit of money is used in the United Kingdom (UK)?

Pounds Sterling