Presentation is loading. Please wait.

Presentation is loading. Please wait.

200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 Responsible Money Choices Income and Careers Making.

Similar presentations


Presentation on theme: "200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 Responsible Money Choices Income and Careers Making."— Presentation transcript:

1

2

3 Responsible Money Choices Income and Careers Making Plans with Money Credit and Borrowing Insurance and Safety Savings and Investing

4 Why is it important to spend money on things you need before spending money on things you want? a.Because buying things you want is more fun b.Because you can live without wants, but you can’t live without needs c.Because only adults can spend money on things they want

5 b. Because you can live without wants, but you can’t live without needs

6 True or False. People can be responsible with their money by spending all their money at one time.

7 False

8 Which of the following is an example of a need for most people? a. Nail polish b. Nutritious food c. A basketball

9 b. Nutritious food

10 Where is a good place to go for information about money? a. mall b. bank c. restaurant

11 b. bank

12 Why is it helpful to hear about adults’ experiences and advice about money? a. They can help you decide how to spend and save your own money b. You might get ideas of new things to buy c. They can help you work on your math skills

13 a. They can help you decide how to spend and save your own money

14 People who are paid by the hour earn____ A. Salaries B. Overtime C. Wages

15 C. Wages

16 What kind of tax do people pay on things they own, like a house or a boat? a. Property tax b. Sales tax c. Income tax

17 a. Property tax

18 You should pursue a career based on _________________. A. your interests and talents B. whatever makes you the most money C. whatever comes easiest to you

19 A. your interests and talents

20 Other than a wage or salary, what is another example of income? A. Candy B. Money gifts C. Credit cards

21 B. Money Gifts

22 Which of the following is an entrepreneur? A. An owner of a plumbing business B. A waitress C. A flight attendant

23 A. An owner of a plumbing business

24 B How do you make a plan for spending and saving? a. Write down a plan for spending more money than you have b. Write down how much you make each week and how much you need to spend c. Write down a list of things you want but not how much money you have to spend D

25 b. Write down how much you make each week and how much you need to spend

26 Paying with ____takes cash out of your checking account. a. Credit card b. Debit cards c. Cash

27 b. Debit cards

28 What’s the best way to know if you are getting a good deal on what you're buying? a. Find out if there is a return policy b. Compare the price for what you want to buy at two or more stores c. Find out if all your friends own the item too

29 b. Compare the price for what you want to buy at two or more stores

30 Which is an example of a household asset, or something a person owns that has value? A. Jewelry B. Clothes C. A toaster

31 A. Jewelry

32 Which is an example of a charitable organization? A. A clothing store B. A police station C. A food bank

33 C. A food bank

34 How is buying with credit different than paying with cash? A. With credit, you borrow money to make the purchase, and repay the money borrowed later b. With credit, you can pay for things from your checking account c. There is no difference between buying with credit or paying with cash

35 A. With credit, you borrow money to make the purchase, and repay the money borrowed later

36 What is credit? A. A form of borrowing b. An endless supply of money c. A household asset

37 A. A form of borrowing

38 An adult might use credit to pay for: a. A car b. A house c. A dishwasher d. All of the above

39 d. All of the above

40 Why do banks lend money? A. Because it's a kind thing to do b. Because banks make money from the interest the borrower pays to use the money c. Because banks have endless amounts of money

41 b. Because banks make money from the interest the borrower pays to use the money

42 If you damage something you've borrowed from a friend, how could you regain your friend’s trust? a. You could buy your friend a replacement item b. You could stop talking to your friend c. You could pretend like it was damaged when it was given to you

43 a. You could buy your friend a replacement item ²

44 What are some ways that people can protect their cars from being damaged? a. Keep it in a garage b. Drive safely c. Wash it regularly d. All of the above

45

46 People use _______to help them pay their medical bills a. Safety insurance b. Health insurance c. Property insurance

47 b. Health insurance

48 What is an example of a “safe risk”? a.Ordering a new flavor of ice cream b.Keeping a candle lit in your room while you’re at school and no one is around your c.Not wearing a helmet when you ride a bike

49 a. Ordering a new flavor of ice cream

50 Which of these is an example of a financial risk? a. Not wearing a seatbelt b. Loaning your friend money for lunch c. Leaving the windows open in your house while you’re on vacation

51 b. Loaning your friend money for lunch

52 Which activity is an example of a way that people can reduce their personal risk? A. Wearing sunscreen while at the beach b. Not spending too much time staring at the computer screen c. Looking both ways before crossing the street d. All of the above

53 d. All of the above

54 The best way to make the most out of your money is to create a _________. a. Work chart b. Loan c. Budget

55 c. budget

56 True or False: An advantage to keeping your money in a savings account is that you might earn interest on your savings a. True b. False A.How many days do you spend in the pool? B.How much time do you spend shopping? C.What is your favorite summer activity? D.Do you think summer vacation is long enough?

57 a. true

58 A _____ is a way to invest your money in a few investment types at once. a.Bond b.Mutual Fund c. Stocks

59 b. Mutual fund

60 When selecting a savings account, what should you look for? a.A high interest rate b.A low interest rate c. An account that requires a minimum balance

61 a. A high interest rate

62 Which of the following is an example of an investment that can build your wealth? A. Stocks b. Checking account c. Taking out a loan

63 a. Stocks


Download ppt "200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 Responsible Money Choices Income and Careers Making."

Similar presentations


Ads by Google