5 Questions
What is the total amount of money earned by the person for making the bed, loading the dishwasher, and cleaning the cat's litter box?
$2.25
How much money did the person earn in total by the end of the week after chores?
$19.50
What does spending money involve according to the text?
Subtracting money
If a movie ticket costs $5.00 and a box of candy costs $3.75, how much money would you have left from $19.50 after buying both?
$9.75
Why do most people try to avoid debts based on the text?
Debts are never fun
Study Notes
Managing Money
- Managing money is a crucial skill to learn, and it's essential to understand how to add and subtract money.
- Earning money through doing chores and keeping track of it is important to know how much you'll have by the end of the week.
Adding Money
- Knowing how to add money is vital to calculate how much you've earned from doing chores.
- Example: adding 50 cents (making bed), 75 cents (loading dishwasher), and $1.00 (cleaning litter box) to get a total of $2.25.
- When adding money, remember to treat cents as decimals and line up the numbers correctly.
Subtracting Money
- Spending money involves subtracting it from your total, and it's essential to know how to do it correctly.
- Example: subtracting $5.00 (movie ticket) and $3.75 (candy) from $19.50 to get a total of $10.75.
- When subtracting money, remember to line up the decimal points correctly and borrow from the units place if necessary.
- Going into debt means owing someone else money, and it's usually avoided because it's not fun owing money.
Learn about managing money, setting budgets, and financial responsibilities as a kid with this interactive quiz. Understand the importance of financial education from a young age.
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