Remember: A loan is paid from pay not yet earned, so less is left to spend.
Questions
1
Which one does not come out of future pay?
➕the extra coin Bea asks each month🫙Odo's jar of saved coins📅four coins from each payday
2
Which one uses coins already earned?
🏦paying a loan back each month📅four coins from each payday🗓️coins kept from last month's pay
3
Which one does not come out of future pay?
🚲a bicycle ridden now, paid later🍦a treat bought from this month's pay🍰a slice of pay already spoken for
4
🗓️Does coins kept from last month's pay use coins earned already?
YesNo
5
Which one uses coins already earned?
🚲a bicycle ridden now, paid later🍰a slice of pay already spoken for⏳saving up before buying
6
Which plan for the twelve coins costs fifteen in all?
the three month planthe six month planthe four month plan
7
Which one comes out of future pay?
🍰a slice of pay already spoken for🫙Odo's jar of saved coins🍦a treat bought from this month's pay
8
Which one comes out of future pay?
➕the extra coin Bea asks each month🗓️coins kept from last month's pay🫙Odo's jar of saved coins
9
Which one does not come out of future pay?
🚲a bicycle ridden now, paid later⏳saving up before buying🍰a slice of pay already spoken for
10
Which one uses coins already earned?
🏦paying a loan back each month📆three coins a month for months🍦a treat bought from this month's pay
11
Which one comes out of future pay?
🫙Odo's jar of saved coins🚲a bicycle ridden now, paid later⏳saving up before buying
12
Which one is paid from pay not yet earned?
🍰a slice of pay already spoken for👛buying with coins already in the purse🫙Odo's jar of saved coins
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Answer key · Set B
How loans shrink your future
1Odo's jar of saved coins
2coins kept from last month's pay
3a treat bought from this month's pay
4Yes
5saving up before buying
6the three month plan
7a slice of pay already spoken for
8the extra coin Bea asks each month
9saving up before buying
10a treat bought from this month's pay
11a bicycle ridden now, paid later
12a slice of pay already spoken for
Mark each answer, count the right ones and write the score on the sheet.