LI: to make wise choices with money.
Today we had Marlon come from ASB bank to explain to us how we should be smart with our money. We played a little activity to help us understand why it is important to use money wisely and how to use money wisely. In this activity we had to imagine that we were going on a trip to Fiji. In groups of 4-5 we all had $1800 each to spend. As a group we were known as one person.
Our first decision was the Passport fee. We had two options whether we wanted to pay now for $200 or later for an unknown price (higher amount). We all chose the first option, which would leave us with $1600 cash. We then decided how much we wanted to pay for our flight, we could either choose the economy flight for $500 (low rate service, no comfortable seatings etc) +2 points of enjoyment or the first class flight for $800. We chose the economy flight, which left us with $1100. Next we were looking at the Accomodation. There were 2 options, a 5 star resort by the Ocean + $100 paying for all food (breakfast, lunch and dinner), or, a budget hotel with bad service for $200. We chose the 5 star resort for $500 with $100 bonus to pay off all food services. Next we were deciding whether or not we should pay for travel insurance for $300. We chose to get insurance because you never know what could happen and how much the expenses would be. Lastly we were looking at the prices for the activities. We chose the $200 activity for snorkelling.
Next we found out that we had been food poisoned so we were rushed to the hospital. The fee was $2000, but since we had insurance, the insurance would pay us off.
In this session we learnt that we should spend our money wisely and be clever with how we are using it.
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