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Team 2
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15
×
True or False: Expenditure should be higher than income.
False
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×
seesaw
Swap points!
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rocket
Go to first place!
Okay!
×
shark
Other team loses 10 points!
Okay!
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lifesaver
Give 20 points!
Oops!
15
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What is impulse buying?
Buying without planning or thinking.
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15
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What is the opportunity cost if you buy a phone instead of concert tickets?
Concert tickets.
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15
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What is expenditure?
Money spent by an individual or household.
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15
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Januarys closing cash becomes February's....
Opening Cash
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15
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If income is âŽ2000, and expenditure is âŽ1800, what is net cash?
âŽ200
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15
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How do you calculate net cash
Total income - Total Expenditure
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15
×
Why should needs be prioritised over wants?
Because they are essential for living.
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seesaw
Swap points!
Oops!
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shark
Other team loses 25 points!
Okay!
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shark
Other team loses 15 points!
Okay!
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banana
Go to last place!
Oops!
15
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Give one example of fixed expenditure.
Rent or insurance.
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15
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Name the three types of expenditure.
Fixed, Irregular, Discretionary.
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15
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Give one example of irregular expenditure.
Groceries or Electricity
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15
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If rent is âŽ800 per month, annual rent = ?
âŽ9,600.
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15
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Give two consequences of overspending.
Debt and unpaid bills.
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heart
Other team wins 5 points!
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gold
Win 50 points!
Okay!
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rocket
Go to first place!
Okay!
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baam
Lose 20 points!
Oops!
×
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