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Tarantula Shoes
Activity 2: Spending and Saving Diary
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Part 1 |
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For the next seven days, keep a diary of all your spending and saving decisions. Using the diary below, record your decisions with the dollar amount you either spent or saved.
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Spending and Saving Diary
| Day/Date |
Spending Decisions |
Saving Decisions |
| Item |
Amount |
Amount |
Day 1
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Day 2
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Day 3
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Day 4
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Day 5
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Day 6
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Day 7
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Part 2 |
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- Circle all the expenditures you made for the last week that you consider essential.
- Of the expenditures not circled, which could you do without?
- Why did you purchase these items which, on reflection, you have decided you could do without?
- What was the opportunity cost of each of your spending decisions?
- How much were you able to save?
- What trade-offs could you have made with your spending and saving decisions?
- How can an understanding of opportunity cost and trade-offs help you make better spending and saving decisions in the future?
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Activities: |
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| Lesson Plan | Activity 1 | |
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