Bootcamp Day 1: Financial Literacy

Tina buys new clothes monthly. What kind of expense is this?

A group sold 10 T-shirts at $15 each. They spent $40 on supplies and $10 on shipping. What was their profit?

Sara saves $5 a week at her bank. After 6 weeks, how much has she saved, and why is the bank important?

Leo sold 5 posters at $10 each. He spent $15 on paper and $10 on markers. What’s his total profit?

Which expense stays the same each month?

Why is financial literacy important?

What is one main purpose of a financial institution?

Jenny pays $200 for groceries, $90 on gas, and $600 for rent. What are her total variable expenses?

Jeff charges people $50 per lawn. Last month he mowed 8 lawns, but he spent $25 on gas and $15 on oil. What's his profit

Alex pays $650 rent and $120 for a phone bill that changes. What part of his spending is fixed?

Liam deposits $50, then withdraws $15. Next week, he adds $25 more. How much is in his account now?

Carlos sold 5 gift boxes at $20 each. His total cost was $35 for items and $10 for packaging. What’s the profit?

Which of the following is something banks do?

Maya’s fixed expenses are $500 a month. She spends $150 on gas and $200 on food. What are her variable expenses?

Zoe sold 12 paintings at $8 each. She spent $30 on supplies and $15 on frames. What was her total profit?

Why is a phone bill with changing data use a variable expense?

A person wants to start a business but needs money. What can a bank do?

A class made 20 bookmarks and sold each for $3. They spent $18 on supplies. What was their total profit?

James deposits $50/month in a savings account. After 4 months, how much has he saved and why is that safe?

Which of the following is a variable expense?