Consumer FALL 2025- Daily Bellringers/Vocab by Gabby Ognar

Monday 8/18:

gabbyognar — 2025-08-13 15:52:20 UTC

What is a priority in your life?

Tuesday 8/19:

gabbyognar — 2025-08-19 17:04:24 UTC

Do you think you spend more money on the things you want or the things you need? Explain or give an example

Wednesday 8/20

gabbyognar — 2025-08-20 17:29:37 UTC

What is a short term or long term goal that you have for yourself?

Thursday 8/21:

gabbyognar — 2025-08-21 15:05:00 UTC

What resources (like books, websites, or people) do you find most helpful for your studies, and how do you use them to improve your learning?

2025-08-21 18:22:44 UTC

I find others helpful because when they explain it, it makes more sense to me.

Friday 8/22:

gabbyognar — 2025-08-22 15:06:54 UTC

Can you give an example of a situation where you had to make a difficult choice because you didn’t have enough resources (like time, money, or materials)?

Monday 8/25:

gabbyognar — 2025-08-25 18:08:32 UTC

What things have you seen people buy mainly to show off wealth or status (conspicuous consumption)?

Tuesday 8/26:

gabbyognar — 2025-08-26 17:04:00 UTC

What was the last thing you procrastinated on?

Wednesday 8/27:

gabbyognar — 2025-08-27 18:34:33 UTC

What stage of the family life cycle are you in?

Tuesday 9/2: Redress: Remedy for a wrong or a loss

gabbyognar — 2025-09-02 18:15:21 UTC

Describe a time when you attempted to redress something.

Thursday 9/4: What are some things you can do to prevent identity theft?

gabbyognar — 2025-09-03 15:40:49 UTC

Identity Theft: The illegal use of a individual's personal information

Friday 9/5:When might you need to give someone your social security number?

gabbyognar — 2025-09-05 18:17:56 UTC

Social Security Number: A unique 9 digit number used by the social security administration to keep track of your earnings.

Monday 9/8: Who are some examples of consumer advocates?

gabbyognar — 2025-09-08 17:14:29 UTC

Consumer Advocates: People or organizations who work on behalf of customers.

Wednesday 9/10: Give an example of a secure website that you can visit?

gabbyognar — 2025-09-10 18:37:41 UTC

Secure site: One that uses safeguards to protect information from theft during transmission.

Thursday 9/11: What is your favorite form of media to consume?

gabbyognar — 2025-09-11 18:15:56 UTC

Media: channels of mass communication

Wednesday 9/17: What’s one thing you can do to build good credit?

gabbyognar — 2025-09-17 15:31:30 UTC

Credit: The supplying of money, goods, or services at present in exchange for the promise of future payment.

Thursday 9/18: T-Mobile offered a buy now pay later deal that you decided to take when you replaced your phone. In this situation, who is the creditor, and why?

gabbyognar — 2025-09-18 18:16:04 UTC

Creditor: The business or organization that extends the credit is the creditor.

Friday 9/19: What extra costs and fees can be added to the principal of a loan?

gabbyognar — 2025-09-19 16:39:37 UTC

Principal: The original amount borrowed

Monday 9/22: What is an example of something that can be used as collateral for a loan?

gabbyognar — 2025-09-22 18:09:38 UTC

Collateral: The property that is pledged to guarantee repayment

Tuesday 9/23: What are some examples of purchases that often require repayment in installments?

gabbyognar — 2025-09-23 16:12:16 UTC

Installment: A set portion of the loan amount that the borrower must pay at regularly scheduled intervals.

Wednesday 9/24: How long does it take to establish your first credit score?

gabbyognar — 2025-09-24 18:13:02 UTC

Credit Score: A numerical rating, based on credit report information, that represents a person’s level of creditworthiness.

Thursday 9/25: Does your credit history ever reset?

gabbyognar — 2025-09-25 18:16:06 UTC

Credit History: A detailed record of your past and present debt, showing how you have handled borrowing and repayment over time.

Friday 9/26: What is something you would need a cosigner for? Who would you choose as your cosigner?

gabbyognar — 2025-09-26 18:09:40 UTC

Cosigner: An individual who, by adding their name to a loan application, accepts joint legal responsibility for the debt.

Tuesday 9/30: What goods or services do you take advantage of that are produced in our economy?

gabbyognar — 2025-09-30 15:17:46 UTC

Economics: Social science that examines how societies use scarce resources to produce and distribute goods and services that satisfy people’s wants and needs.

Thursday 10/2: What are the benefits of a market economy?

gabbyognar — 2025-10-02 17:10:20 UTC

Market Economy: Individuals and private businesses acting in self interest, decide what to produce, how, and for whom its produced for.

Friday 10/3: What happens to businesses that produce a product in bulk, but it’s in low demand?

gabbyognar — 2025-10-03 18:07:42 UTC

Demand: The quantity of a particular good or service that consumers are willing and able to buy at a given price.

Tuesday 10/7: What types of taxes are there?

gabbyognar — 2025-10-07 18:19:10 UTC

Tax: A required payment to a local, state or national government.

Wednesday 10/8: Does the U.S. federal system use a proportional tax for income taxes?

gabbyognar — 2025-10-08 18:32:20 UTC

Proportional Tax: Takes the same percentage out of everyone’s income

Wednesday 10/15: What can decline during a recession?

gabbyognar — 2025-10-15 00:06:35 UTC

Recession: A period of significant decline in the economy, usually lasting 6 months to a year.

Friday 10/17: Give an example of a good or service that you recently purchased that has an inflated price.

gabbyognar — 2025-10-17 17:13:10 UTC

Inflation: A general, prolonged rise in prices of goods and services.

Monday 10/20: What are some goods and services that you use that charge interest?

gabbyognar — 2025-10-20 17:09:38 UTC

Interest: A fee paid for the opportunity to use someone else's money over a period of time.

Tuesday 10/21: What can cause a depression in an economy?

gabbyognar — 2025-10-21 18:10:49 UTC

Depression: A major economic slowdown, longer lasting and more serious than a recession.

Thursday 10/23: Why do you think the federal government needs its own bank?

gabbyognar — 2025-10-23 18:08:27 UTC

Federal reserve system: the central bank of the United States

Friday 10/24: What would you buy/do if you had a budget surplus?

gabbyognar — 2025-10-24 15:26:32 UTC

Budget Surplus: More money collected than spent

Thursday 10/30: Why is it a good idea to have a budget for the things you need?

gabbyognar — 2025-10-30 15:25:17 UTC

Budget: An estimate of anticipated income and expenses for a certain period of time.

Friday 10/31: What is your favorite Halloween candy/treat?

gabbyognar — 2025-10-31 18:11:59 UTC

Monday 11/3: Describe a time when you had to keep something in balance.

gabbyognar — 2025-11-03 18:20:56 UTC

Balance sheet: A statement of what you own and what you owe

Tuesday 11/4: Think about your answer. Then talk about it with the person sitting next to you. Comment what they said.

gabbyognar — 2025-11-04 18:12:07 UTC

Wednesday 11/5: What are some examples of assets?

gabbyognar — 2025-11-05 18:36:09 UTC

Assets: Items of value that you own, including money.

Thursday 11/6: How can you limit your liabilities?

gabbyognar — 2025-11-06 16:01:52 UTC

Liability: Debts or obligations owed to others

Friday 11/7: What are some ways you can increase your net worth?

gabbyognar — 2025-11-07 19:17:30 UTC

Net Worth: difference between your assets and liabilities

Monday 11/10: Talk about your answer with the person sitting next to you. Comment what they said.

gabbyognar — 2025-11-10 19:01:52 UTC

If not a brownie, then pick a different type of sweet.

Thursday 11/13: What is one thing you are grateful for today/this week? Why?

gabbyognar — 2025-11-13 19:31:49 UTC

Friday 11/14: What career did you choose for your project?

gabbyognar — 2025-11-14 19:15:46 UTC

Monday 11/17: Talk about your answer with a NEW person. Comment who you talked to and what they said.

gabbyognar — 2025-11-17 19:11:10 UTC

Tuesday 11/18: What is your favorite Thanksgiving food?

gabbyognar — 2025-11-18 19:15:41 UTC

Monday 11/24: If you could uninvent one thing, what would it be?

gabbyognar — 2025-11-24 19:15:18 UTC

Monday 12/1: What is the difference between a debit card and a credit card?

gabbyognar — 2025-12-01 19:16:06 UTC

Debit card: A card that allows the user to subtract money from a bank account in order to obtain cash or make a purchase.

Tuesday 12/9: What topic from the semester do you feel you need to review?

gabbyognar — 2025-12-09 19:18:16 UTC

12/10: What topic from the semester do you feel confident about?

gabbyognar — 2025-12-09 21:00:24 UTC

Monday 8/18:

gabbyognar — 2026-01-05 21:32:23 UTC

What is a priority in your life?

Wednesday 4/15: Do you want to use your gross income when making a budget? Why or why not?

gabbyognar — 2026-04-13 19:58:32 UTC

Gross income: the total amount of money you expect to earn before taxes and other payroll deductions.