Wants vs Needs
This item is a physical human need to stay hydrated during a school day, while a sugary prime energy drink is just a want.
What is a Water/Need?
This is the physical payment method you use if you pay for an cookie at the school cafeteria using a shiny metal loonie or a plastic five-dollar bill.
What is Cash?
This is the general term for the official specific type of money that a country chooses to use, like Dollars, Euros, or Yen.
What is Currency?
This is a simple written plan that shows how much money you are allowed to spend.
What is a Budget?
This happens when you suddenly buy a chocolate bar at the cafeteria on a whim, without checking your wallet or planning for it.
What is Impulse Buying?
Packing a homemade sandwich for lunch satisfies a basic human need. Buying a box of expensive, name-brand processed lunch kits just because your friends have them satisfies a ______.
What is a Want?
This plastic card is safely linked straight to your own real-life bank account, instantly removing your money the second you tap it.
What is a Debit Card?
This is the official name of the specific currency we use every day here in Canada.
What is the Canadian Dollar (or CAD)?
This is the word for any money you get, like your weekly allowance or birthday cash.
What is Income (or getting paid)?
Vending machines are carefully designed to make impulse buying easy because you can get a sugary snack instantly with a single, fast ________ of your card or phone.
What is a Tap?
While your body needs carbohydrates for energy to get through the school day, this highly processed, white-powdered bakery item is a want that leads to a sugar crash. (Tims)
What is a Donut (or Pastry/Cake)?
Adults might buy expensive groceries using this card, which acts as a temporary bank loan that must be paid back later.
What is a Credit Card?
If you are buying snacks online from an American website, you need to check this shifting number to see how much your Canadian money is worth over there.
What is an Exchange Rate?
This is the word for any money that leaves your wallet to pay for things.
What is an Expense?
This machine lets you buy snacks instantly just by tapping your card or dropping coins in.
What is a Vending Machine?
You spend all your money on candy on Monday. On Tuesday, you cannot afford to buy your school lunch. What did you run out of money for?
What are Needs?
If you buy lunch on a credit card and doesn't pay the bank back on time, the bank charges them this expensive penalty fee.
What is Interest?
You are buying imported healthy snacks from a US website. Because our Canadian Dollar is usually worth less than the US Dollar, a snack that costs $10 USD will cost ________ Canadian money.
What is More than $10 CAD?
To save money at the supermarket, smart shoppers look for these printed paper cutouts or digital app vouchers that give you a direct discount on specific items.
What are Coupons?
This is the trick fast-food cashiers use when they ask you, "Do you want to size up your meal for just 99 cents?" to get you to spend more money on extra calories.
What is Upselling?
This is buying a specific brand of shoes or clothes just because it has a cool logo, even though cheaper clothes work the exact same way. This is buying a _____?
Buying a Want
This modern payment method allows you to buy food at a fast-food counter simply by tapping your smartphone or smartwatch using an app like Apple Pay.
What are Online/Digital Payments?
This is the underlying reason why global exchange rates constantly fluctuate every single day on the global market.
What is Supply and Demand (or Global Economic Power)?
Buying food in large, oversized packages at stores like Costco usually costs more upfront, but it saves money overall because the price per individual snack is lower. This is called buying in ________.
What is Bulk?
This is the fear of missing out that makes you buy a snack just because your friends have it.
What is FOMO (Fear of Missing Out)?