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

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

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 (12)

1. A loan for the amount purchased

1. Uses a PIN to secure the account

Charges interest

An ATM withdrawal

Tends to encourage people to spend more than other methods of payment

A “plastic” check

Someone can clean out your account if it’s lost

You pay for your purchase later

Tied to your checking account

You pay for the purchase now

Won’t work if you’re out of money

You can report fraudulent purchases and not be out the money

Organize these options into the right categories

Credit

Debit