Case 11 of 20 ยท Financial & Real Life Thinking
Challengebeginnerโญ 30 XP๐ฐ Money IslandOpportunity Cost of Money
๐ You're at school and something happens that involves what you give up when spending.
๐ฏ Your mission
Beat the challenge.
โก The twist
Every 'yes' to spending is a 'no' to something else.
What You'll Learn
Key Concept: What you give up when spending
Think About This
๐ You're at school and something happens that involves what you give up when spending. Your teacher asks the class to think about it. What do you notice? What questions pop into your head?
Thinking Steps
๐ What Do I See?
Look at the problem about what you give up when spending. What do you notice?
๐ค What Do I Know?
What do you already know that could help? Have you seen something like this before?
๐ก What's My Idea?
Think of an answer. Can you think of a second one too?
โญ What Did I Learn?
Check your answer. Was it right? What did you figure out? Tell someone!
Key Points
Master what you give up when spending
Apply financial & real life thinking in real situations
Build habits of financial & real life thinking
Key Vocabulary
Want
Something you'd like but don't need
Need
Something you must have
Why This Matters in Real Life
Adults use these same skills when they make budgets, go grocery shopping, and save for big purchases like cars and houses.
Talk About It
Discuss these questions with a friend, parent, or classmate.
- 1Can you explain what you give up when spending to a friend using your own words?
- 2What was the most interesting thing you learned today?
- 3Draw a picture of what you learned and show it to someone!
Solve the Case
Case 1
1 of 3What is the main idea of what you give up when spending?
Stretch Challenge
Try this in real life this week.
Compare two similar products and find the real difference.
For the dinner table
โWhat would you do with $10 you had to spend today?โ
Next Smart Case
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