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English Escape room Finances
Blue Beehive
Created on September 16, 2024
A little test to see if you know the most basic things about what you should do to control your finances.
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Transcript
escape room
Finances
start
ROUTE TO SUCCESS
Let's have fun with our knowledge about finances
Budgeting
01
The SACRED TREE OF KNOWLEDGE
Welcome to the Money Management Escape Room! In this game, you will face a series of challenges and puzzles that will test your knowledge of how to manage your money effectively so you don't feel trapped in life. Your mission is to solve all the clues and escape the financial trap you find yourself in. Good luck!
¡cONTINUe!
01/03
¿What is an example of a fixed expense?
The payment of rent.
The purchase of clothes.
Dinner outings.
¡correct!
The payment of rent. Explanation: A fixed expense is an expense that remains constant month to month, regardless of the circumstances. These expenses are predictable and do not vary in amount. A typical example of a fixed expense is paying rent. Each month, you should pay the same amount of money for your home, allowing you to plan and budget more accurately. Unlike variable expenses, like buying clothes or going out to dinner, which can fluctuate depending on your needs and wants, fixed expenses are stable and recurring.
¡continue!
02/03
¿Why is it important to have an emergency fund?
To cover unexpected expenses without going into debt.
To invest in high risk stocks.
To spend on vacation.
¡correct!
An emergency fund is a reserve of money that is set aside specifically for unforeseen situations, such as an urgent car repair, a medical emergency, or job loss. Having an emergency fund is crucial because it allows you to face these unexpected expenses without having to resort to loans or credit cards, which can generate debt and high interest. By having this financial cushion, you can maintain your financial stability and avoid the stress that comes with not having enough money to cover urgent needs. In short, an emergency fund provides you with security and peace of mind, allowing you to handle unforeseen events without compromising your financial well-being.
¡continUe!
03/03
¿What is a good practice for managing your money?
Save a part of your income regularly.
Spend all your money as soon as you receive it.
Ignore your debts and hope they go away.
¡correct!
Saving a portion of your income regularly is a fundamental practice for good financial management. This habit allows you to create a savings fund that you can use for emergencies, large purchases or future investments. By setting aside a portion of your income each month, you ensure you have a financial cushion that gives you security and stability. In addition, regular saving helps you develop financial discipline and avoid impulsive spending, which in the long term improves your financial well-being and allows you to achieve your financial goals.
¡continUe!
You have obtained a reward!
CONGRATULATIONS!! YOU HAVE MANAGED TO PASS THE FIRST TEST
You failed...Go back and try again.
ROUTE TO SUCCESS
You're on the right track, you've reached the first achievement now for the second!
The ball game
02
The ball game
This time we will propose a series of statements and you will have to answer if they are correct or false.
¡continue!
1/3
Creating a budget is unnecessary to manage your money effectively.
TRUE
false
1/3
Establishing an emergency fund can provide a financial safety net and prevent you from feeling trapped by unexpected expenses.
true
false
2/3
Regularly reviewing and adjusting your spending habits can help you avoid living paycheque to paycheck.
true
FALSe
3/3
It is advisable to spend more than 30% of your income on non-essential items if you want to feel financially free.
true
false
You have obtained the second treasure!
Congratulations, it is clear that you have learned a lot from our course.
Oops, not correct!
ROUTE TO SUCCESS
Let's go for the last level of our learning.
Find the mask
03
Find the mask
Find the image that you think represents the correct way to manage your money.
¡continue!