Money 101 Unit 1

What factors can influence how someone spends their money?

• Their wants

• Their needs

• Peer pressure from friends

• Each of these can influence how someone spends their money

Which of the following is not a money personality we covered in Assignment 1?

• Avoider

• Spender

• Baller

• Collector

Which of the following money personalities tends to put off making financial decisions?

• Collector

• Avoider

• Spender

• Thinker

Which of the following money personalities likes to see their money grow, for example through investments?

• Avoider

• Collector

• Miser

• Spender

Missing out on one opportunity because you made a different choice is an example of

• Fixed Cost Analysis

• Opportunity Cost

• Variable Expenses

• Checking Accounts

Weighing the cost and the benefit of a choice is known as a...

• Credit Card

• Tax Statement

• Tradeoff

• Budget

Sam is a cashier at a grocery store. He makes $8/hour and works 10 hours per week. How much money does Sam earn in one week?

• $8

• $10

• $18

• $80

Sam makes $80 per week and puts 75% of his money into savings each week. How much money does Sam save each week?

• $80

• $75

• $60

• $20

If Marina spends $15 per week on coffee and wants to save for a new laptop sooner, what tradeoff can she make?

• Spend less money on coffee each week

• Choose a cheaper laptop to buy

• Choose a cheaper coffee drink each visit

• All are viable tradeoffs

When making an important purchase, you should ____ by deciding which features you care about and finding the best option before you spend your money.

• Open a line of credit

• Comparison Shop

• Open a checking account

• Do chores