Money Moves 101
Money you earn from jobs, chores, or gifts.
What is income?
If you earn $100 and spend $80, this is how much money you have left.
What is $20?
Saving up for something you want to buy in a few weeks or months is called this.
What is a short-term goal?
Money you earn from doing jobs like chores, babysitting, or mowing lawns.
What is earned income?
You have $20 and want a $20 game, but you’re also saving for something bigger. The smarter choice is this.
What is save the money?
This is a plan that helps you track your money and decide how to spend and save it.
What is a budget?
A student spends all their money on snacks and has nothing left for their goal. This part of their budget is too high.
What are expenses?
Saving money for something big in the future, like a car or college, is called this.
What is a long-term goal?
Getting paid for helping around the house each week is an example of this type of income.
What is allowance?
You get $50 for your birthday. Spending all of it right away is not following this money habit.
What is pay yourself first?
Money you spend on things like snacks, clothes, or subscriptions.
What are expenses?
If your expenses are more than your income, your budget is doing this.
What is not balanced? (or overspending)
Choosing not to buy snacks today so you can save for something bigger later is an example of this.
What is delayed gratification? (or making a smart spending choice)
Money you receive for your birthday or holidays without working for it.
What is a gift? (or unearned income)
Your friend buys snacks every day and has no money left. This is an example of this problem.
What is overspending?
Saving money for something you want soon, like shoes or a game, is called this type of goal.
What is a short-term goal?
Kai wants new shoes next month but keeps buying fast food every day. To reach the goal, Kai should do this.
What is spend less and save more? (or reduce expenses)
If you keep spending money on wants instead of saving, this will happen to your goals.
What is they will take longer to reach? (or you won’t reach them)
If you want to increase your income, you can do this.
What is get more jobs or work more?
You want new shoes ($100), but only have $40. A smart plan would be this.
What is save money over time? (or make a plan to reach the goal)
This money habit means saving first before spending anything else.
What is pay yourself first?
A student earns $200, spends $150, and saves $30. Something is missing. What should they check?
What is where the extra $20 went? (or fix the budget math)
A student has $50 and wants shoes for $100. Instead of spending all $50 now, the best choice is this.
What is save the money and keep working toward the goal?
A student earns $10 per hour and works 5 hours. This is how much money they make.
What is $50?
You earn $100. A smart budget choice would be to spend some, save some, and do this with the rest.
What is track your money with a budget?