
Personal Finance
Presentation
•
Social Studies
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4th Grade
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Practice Problem
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Medium
Kalena Bennett
Used 112+ times
FREE Resource
3 Slides • 5 Questions
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Whenever we make a decision, there will be a benefit and a cost. The benefit is what we get, or the good thing that happens because of our choice. The opportunity cost is what we don't get, or what we give up because of our choice.
3
Multiple Choice
Yuna has a big social studies project due tomorrow. But, her friends are playing soccer tonight at the park. She decided to play with them instead of working on her project. What is her opportunity cost?
Finishing her social studies project
Playing soccer with her friends
She is losing income
This is an example of savings.
4
income-money you earn or receive
expenditures- money you pay for things
savings- money you set aside for the future
5
Multiple Choice
Which of the following is an example of income?
trading supplies with your friend
money you get for working a job
buying an ice cream at lunch today
charging a lunch you will pay tomorrow
6
Multiple Choice
Which of the following is an expenditure?
allowance from your parents
buying an ice cream at lunch
selling an old game to a friend
getting paid to help your neighbor
7
Multiple Choice
What is the purpose of a budget?
to help people improve their education and skills
to help people determine how to train for their jobs
to help people live healthier lives and exercise more
to help people plan their spending and saving decisions
8
Multiple Choice
Which of the following is the MOST financially responsible decision?
Tommy gets $50 for his birthday from his grandma. He spends $75 on Xbox games
Jamal earns $100 lifeguarding. He spent $5 on lunch and put the rest in the bank
Katrina sold her old bike helmet for $10 to a friend. She gave the $10 to her favorite charity.
Stacy was paid $25 for helping her neighbor in the yard. She spent $20 on a T-shirt and $5 on ice cream.
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