Bonzai Junior

An IOU is an example of:

• A savings account

• A personal loan

• Your new favorite band

• A spending plan

How does your money grow once you put it in a savings account?

• The bank gives you more money over time.

• The money fairy appears and adds more every year.

• It doesn't grow. The amount stays the same until you add $$$$.

• Your mom puts money in your account.

What is income?

• Money that you owe another person.

• Money that you put in your savings account.

• Money that you spend on fun stuff.

• Money you earn.

What is a good example of a financial goal?

• A college fund

• A bike or other item that costs a lot of money.

• Pay back money you borrowed (IOU).

• All of the above.

Your mom gave you $10 to but several items at the grocery store. The total came to $7.75. How much change will you get back?

• $1.25

• $3.50

• Nothing

• $2.25

Why would someone create a budget?

• Keep track of money earned and money spent

• Keep track of which friend gave you the best B-Day present.

• Keep track of how much money is in your savings account.

• None of the above.

Which of the following could be considered a business expense?

• New Nike's

• $$$ you put into your savings account every month.

• Treats you bought for your dog-walking job.

• What's a business?

Upi ,ale $12.75 running a lemonade stand with your BFF. If your supplies cost $3.75 to purchase and you split the profit equally, how much $$ will you make?

• $9.00 I'm rich!

• $4.50

• $12.75

• $3.75

Everyone's playing Catch 'Em Go! and you want to buy a new deck of cards. What's the best way to pay for them?

• Whine and cry at mom until she gives in and buys them for you.

• Take $$$ out of your savings account.

• Spend all of your B-Day $$$ on the cards.

• Put $$$ aside until you have enough to buy the cards.

Your selling brownies at the school bake sale. If they cost $0.50 each and your friend buys three with a $5 bill, what's the best way to make change?

• Three $1 bills and two quarters.

• Fourteen quarters.

• A $1 bill, three dimes and two nickels.

• Tell the friend they need to buy enough brownies to equal $5. You don't have change.