Financial Decision Making Everfi 1

If you have limited means, you _____.

• have too much money

• spend too much money

• can’t have everything

Tags

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RL.6.4

CCSS.RL.7.4

CCSS.RI.6.4

When you must give something up in order to get something else, it is called _____.

• a sound investment

• an opportunity cost

• a lost chance

Tags

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.5.5

CCSS.RI.9-10.5

Why do you need to use decision making skills if you have limited means?

• Since you are not able to have everything, you must decide what you really need.

• Making decisions is possible when you can have everything.

• You have too much money which makes decision making hard.

Tags

CCSS.RL.6.2

CCSS.RL.7.2

CCSS.RI.6.2

CCSS.RI.7.2

CCSS.RL.8.2

An opportunity cost can make decision making difficult because _____.

• you may only get that opportunity once

• the costs might be extremely high

• you must choose to give up some things in order to get other things

Before you buy something you want, you should buy _____.

• something that is cheap

• something you need

• something expensive

Food, water, shelter and clothing are examples of _____.

• wants

• needs

• opportunities

Tags

CCSS.RL.6.2

CCSS.RL.7.2

CCSS.RI.6.2

CCSS.RL.6.1

CCSS.RI.8.2

If you have limited means you may need to prioritize. This could mean crossing video games off your shopping list and replacing them with _____.

• groceries

• designer jeans

• new sneakers

Tags

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RL.6.4

CCSS.RL.7.4

CCSS.RL.8.4

Setting a goal lets you _____.

• achieve nothing

• forget next steps

• achieve what you want to do

Tags

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.6.3

CCSS.RI.8.3

When you have a goal, you can _____.

• plan out steps to achieve it

• buy more of what you want

• spend all of your money at one time

Tags

CCSS.RL.6.2

CCSS.RL.7.2

CCSS.RI.7.2

CCSS.RL.6.1

CCSS.RL.8.1

Which of these will NOT help you achieve a goal?

• Setting the goal

• Hoping you meet it

• Planning out steps to meet it

• Prioritizing decision