What does it mean if something is a good value
when something is a good price, when one brand is cheaper than other brands, when a store has better prices than another, etc.
True or False: A Fixed Expense stays the same every month
True
What is an expense?
Something you spend your money on
You want to buy a ticket to see a movie. It costs $8.00. You also want to buy a small popcorn for $5.00 and candy for $5.00. You have $20.00. Do you have enough money?
Yes! Enjoy
True or False: Earnings and Income mean the same thing
True
When you say to the bank teller, "what is my balance please?", what are you asking them?
You are asking them how much money do you have in your account
True or False; A variable expense varies or changes each month.
True
SUPER CHALLENGE QUESTION:
1) How much does a hamburger, french fries, and medium coke cost if you bought each one separately?
2) How much is the meal if you buy all 3 things together by ordering the #3?
Answer 1- $6.35
Answer 2- $6.35
What is a deposit?
Putting money IN the bank
Give 2 examples of a fixed expense?
Rent, Utility bills like electricity, gas, phone, cable TV, gym membership
What is the person that works at the bank called?
The bank teller
What is a withdrawal?
Taking money out of the bank
True or False: it is more economical (a better value) to buy your own groceries and eat at home.
True
What does it mean when you do price comparisons?
Answers vary...but it is when you take an item and see how much it costs at different stores
Name at least 2 examples of utilities?
Electricity, gas, garbage, water, phone