It is a graph. We use it to show how much of our total budget we will spend on each of our wants and needs.
100
Ms. Nicholas likes to put all of her money in a sock in her drawer. She keeps losing her coins. Where could she put her money to keep it safe?
the bank
100
Taxes are money collected by....
the government.
100
List two wants and two needs
many answers.
200
a bank account where you put your money to save it
Savings Account
200
On the board please draw a pie chart for the following budget:
50 RMB - Food
25 RMB- Ipad apps and games
25 RMB- books
please leave your pie chart on the board.
200
Mr. Calvo is doing chores for his mom. He wants to buy a pony but he needs to save up his money for awhile. What kind of bank account should he have?
Savings account.
200
Name five different workers in your community.
Many possible answers.
200
I am shopping for a new pair of shoes because my old ones broke. Am I shopping for a want or need?
Need.
300
a bank account that has money you can use to pay for goods and services
Checking Account
300
Look at the pie chart. How much money did you spend on needs?
50 RMB
300
Mrs. Woodward bought a new goldfish at the store. She will not pay for it until later this month. What did she use to buy it?
Credit card.
300
Who makes important decisions about how taxes are spent to improve the community? They are in charge of the city.
The mayor.
300
What should you use the money from your budget to buy FIRST: your wants or needs?
Needs
400
Something you use to buy goods and services. You pay the bill at the end of the month
Credit Card
400
Look at the pie chart. How much RMB did you spend on food and books all together?
75 RMB
400
Ms. Gu went to the store to buy bread. Should she use her savings or checking account to buy it?
Checking account.
400
Name two services you have paid for in your community.
riding the bus, taking a taxi, getting a hair cut, having your nails painted, etc.
400
All of these are examples of _________:
-Ipads
-Corn
-T shirts
-Water bottles
-Televisions
-Cars
goods
500
What is the difference between goods and services?
Goods are things people make or grow. Services are jobs people do to help others.
500
Look at the pie chart. Ms. Thompson wants to buy the second Boxcar Children book. How much money can she spend?
25 RMB
500
What is the difference between a saving and checking account?
You can put your money in both to keep it safe, but usually you keep your money in a savings account until you have enough to buy something big. Some people save money in a savings account for emergencies.
500
Name three things we use taxes to pay for in our community.
Metro system, street lights, buses, public schools, etc.
500
Why should you make a budget?
So that you have enough money to buy all of your needs and know how much is left for your wants.