Banzai Jr. Review

An IOU is an example of:

• a savings account

• your new favorite band

• a personal loan

• a spending plan

You earned $8 in cash from babysitting. What's the first thing you should always do?

• Spend it!

• Enter $8 in your budget as income

• put it all in a savings account

• withdraw the money so you can spend it

What will help you sell the most at your lemonade stand?

• buying cheaper lemons so you can make more lemonade

• pricing your lemonade $0.05 lower than other stands so more people come

• asking your friend to help so that she can serve more customers

• all of the above

You've reached your goal of saving enough money for a hoverboard. Now what?

• set a new financial goal and start saving toward it

• you no longer have to keep a budget

• you get a bonus of $20

• you can't buy it until you earn even more money

Why is competition between sellers good for shoppers?

• it's funny to watch

• it gives them more choices and better prices

• it gives them more deposits and lower sales tax

• it means that there will be more sales tax

Good news! The bike that you want is $35 off! What should you do with the leftover money if your goal is to keep saving?

• buy some sweet wheels and a personalized helmet

• put it back in your wallet

• deposit it into your savings account

• keep it handy - you might want to buy something else soon

What two things should you track in a budget?

• income and expenses

• expenses and savings

• income and sales tax

• candy and video games

What does it mean if you have debt?

• you have money in a savings account

• you owe someone money

• you have a budget

• someone owes you money

You are dying for a pair of Snetchers sneakers to wear to school, but they're expensive. What is this an example of?

• a long term goal

• a need

• an emergency purchase

• an investment

What happens if you spend money on something you didn't plan for in your budget?

• you'll have to pay an extra fee because you didn't plan to spend that much

• you'll never reach your savings goal

• you'll need to look at your budget and change it for the new expense

• you can't spend money if you didn't budget for it