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WorksheetsHow to Manage your Money and Taxes.
Total questions: 11
Worksheet time: 11mins
Saving money is a good thing to learn, as if you just go and spend all your moolah on wants, you now don't have food for needs, like food and the electric bill.
Yes, I am wholeheartedly sure.
I feel like I understand, but not fully.
I understand a little bit but not much.
No, I don't understand any of it.
You want to save up for a new poster of Loretna, but you are bad with money and need to save. What do you do?
Create a savings account and add your extra money
Ask Loretna for money
Get a bank loan
Use all of your money to buy the poster
You see a limited edition Loretna Action Figure, and then you see cheese. You don't have any food at home, but yet you HAVE to have the Loretna Action Figure. What do you do?
Ask Loretna for money
Buy the action figure
Buy the cheese
Buy neither and walk away
What is the 50, 30, 20 rule?
$50 on wants, $30 away for savings, and $20 for needs
$50 on needs, $20 for wants, and $30 for savings
Give all of your money to Loretna
$50 on needs, $30 on wants, and $20 on savings
What are the three steps of money management?
Play Roblox
1: Create a savings account
2: Make savings goals
3: Spend all of your money on cheese
1: Create a budget
2: Set saving goals
3: Tackle your goals
1: Create a budget
2: Plan to set saving goals
3: Spend all of your money on an Oculus Quest 2
You spend all of your money on the Shadow Master books, and are now in debt with the credit card company. What do you do?
Ignore the debt, it's just a number!
Use all of your money to pay it back as soon as you get it
Ask Loretna for money
Set aside a bit of your paycheck and pay it off slowly
What are the four types of finance? *Whoever gets them all right is my favorite :)
Regular Finance
Homeowner's Finance
Public Finance
Personal Finance
Collective Finance
National Finance
Corporate Finance
Secret Finance
Corporate Finance
Private Finance
Why would it not be smart to get a bank loan?
A bank loan isn't smart because the bank will take your home as soon as you get a loan, not fake 100% real!!!!!
Basic ingredients for baking a cake are; flour, eggs, fat (usually butter), sugar, salt, a form of liquid (usually milk), and leavening agents (such as baking soda).
A bank loan is just transferring your debt, and the longer you wait to pay it off, your debt gets bigger.
It is smart, because the bank is just holding your payment kindly while adding small amounts to it over time.
The IRS knocks on your door, saying that you haven't been paying your taxes. True, you haven't, as you just recently bought an Oculus Quest Two, so you haven't had enough money for taxes. They threaten to take your home and children. What do you do?
You save up as much money as you can and only buy the essentials. You eventually get enough money to pay of the debt.
Ask Loretna for money
Give them all of the money you have, little Johnny doesn't need food tonight.
Refuse to give them money, they're just a scam!
Who takes your home against your free will?
(a)
You see an ad in the paper for a bunch of stamps that are worth $20, but the ad is selling them for $2! It would be a good investment, right?
No, it's a big scam.
Yes, it's a good investment! You would just get $18 for free!
Maybe wait a bit, and study the ad more carefully.
Burn the newspaper, burn it all. Nothing like this deserves to be in a newspaper!
Ask Loretna for advice
