111.28.B.11.c -111.28.B.12.b - 111.28.B.12.e - 111.28.B.12.f - Financial Literacy and random samples

Talk to her friends and their parents and ask them about their favorite foods.

Randomly mail a questionnaire to all the different neighborhoods and apartment buildings in her hometown.

Go to her church and ask the members of her congregation about their favorite foods.

Stand outside a local pizza place and ask people as they enter the restaurant.

Standing outside the band hall and asking students as they enter class.

Sending a question to her friends via social media asking them about the type of music they like.

Randomly asking students as they enter their 8th grade science classes.

Randomly asking students from every math class in the school.

Ask the supervisors from each department what they think their employees would say.

Randomly select 3 employees from each department and have them fill out a survey with their opinions.

Place a QR code linked to a survey in the cafeteria so employees can give their opinion.

Ask employees who have children what they think about the new schedule idea.

As the interest rate goes up the total repayment goes up.

As the interest rate goes up the total repayment goes down.

As the interest rate goes up the total repayment stays the same.

The interest rate and the total repayment have no affect on one another.

A longer-term has lower interest rate and a higher monthly payment but one ends up paying less overall.

A longer-term has higher interest rate and a lower monthly payment and one ends up paying less overall.

A shorter-term has a lower interest rate and a lower monthly payment and one ends up paying less overall.

A shorter-term has a higher interest rate and a higher monthly payment but one ends up paying less overall.

It can help pay for emergencies and does not have a proof of purchase record.

It can offer rewards for using it but it is also easy to overspend.

It can help you stay within budget but the transaction may be denied if there are insufficient funds.

It is difficult to use and interest is charged to payments.

With cash, keep track of the amount of money you start with and always keep receipts in case you need to return something.

To avoid overdraft fees on a debit card keep track of transactions and the balance on your bank account.

To avoid interest on credits cards pay off the credit card every month.

To avoid identity theft with online banking use public wifi and keep track of all transactions.

Alex uses his credit card to purchase pay his utility bill, groceries, his electric bill. He has a balance of $511.76. Alex decides to purchase NBA tickets rather than pay off his credit card.

Jonathan has the bank direct deposit $100 from his paycheck to his savings account. This way it seems as if he never had the money. His savings account is growing steadily.

Miranda wants to purchase a larger house. She could get a house loan but she might not be able to afford the monthly payments. She decides it is not something she can afford at this time.

Heather is graduating from college. She has accumulated $20,000 in student loans; however, she will now be making $40,000 more per year than she could have made without a Bachelor’s degree.

Cody wants to get a new video game system. He can’t afford it right now so he takes out a payday loan for $300.

Taylor wants to get a new phone for $800 and she does not have any money saved for this. She decides to wait on buying the new phone since her old phone works fine. She starts saving money every week for the new phone so that she can pay it off in cash.

Ben just got a new job that pays $60,000 a year. He has a 10 year old truck that runs well. He decides to sell his truck and buy a new $50,000 truck by taking out a loan

Susan needs to buy a used car for $10000. She has $4000 in savings. She decides to take out a loan for $10000 at 8% and use the money on a new TV, a new home entertainment system, and a new couch and recliner.

Save early and save often.

Keep track of your spending.

Always live outside your means.

Payoff your credit card bill each month.