Personal Finance Introduction

Match

Match the term with the definition

• Setting money aside for later use

• Using money to purchase something, pay a fee, or donate

• Using money to make more money

Saving

Spending

Investing

• Saving

• Spending

• Investing

Multiple Select

Becky Sue had to make a choice between

• Waiting to get her equipment because she INVESTED her money for a year and EARNED interest

• Getting her equipment now because she was SPENDING her money and paying INTEREST on a LOAN.

• Getting her equipment now with no strings attached, because she had SAVED enough to cover the cost

Poll

Do you think Becky Sue made the right choice?

• Yes, she can start her music career right away

• No, she could have waited a year and started her career without debt.

Drag and Drop

Interest can be a good thing or a bad thing. It depends on who needed money that they​

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have. If you​

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money from a bank or an individual you are expected to ​

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it back with interest. If you ​

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someone money they would pay you back with some extra money or ​

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.

Drag these tiles and drop them in the correct blank above

did not

borrow

pay

loan

interest

​Why is this funny?

​Explain the puns.

​ Regardless of whether or not you agree with Becky Sue's decision we hope that she is on her way to earning INCOME as a country music star.

Open Ended

What is income?

Categorize

Options (15)

Getting new shoes for 25% off the regular price

Getting a new car

Going out to lunch

Putting money in a piggy bank

Sticking money in a secret pocket of your wallet for emergencies

Putting money in your sock drawer

Putting money in a savings account

Buying stocks or bonds

Buying a case of candy you're selling after school for extra cash

Buying yarn to crochet animals to sell

Buying a new video game

Purchasing concert tickets

Setting aside money for a vacation fund

Contributing to a retirement account

Having an emergency $20 in your backpack

Organize these options into the right categories

Spending

Saving

Investing