Smart Shopping
Jobs
Bank Accounts
Budgeting
Ways to Pay
100

When something costs less than normal for a period of time, it is on ____.

Sale

100

Income is another word for what you receive for completing a job.

Money

100

A safe place to keep your money.

Bank account

100

What is the difference between a need and a want?

Need - something you cannot live without

Want - something you can live without

100

Another word for dollar bills and coins.

Cash

200
Something you can clip from newspaper ads or online that make items cost less in the store.

Coupons

200

There are two main things you can sell at a job - selling goods and selling services. What does it mean to sell a good?

You sell items to people (food, tools, clothes, cars, video games, etc.)
200

A machine where you can withdraw money from your bank account.

ATM

200

What is the difference between spending and saving?

Spending - use money to buy things

Saving - keep your money to use later

200

A piece of plastic you can use to pay for things. It may be linked to your bank account or you will have to pay for everything at the end of the month when you receive a statement.

Debit/Credit card

300

When you can't afford something, you can wait and build up your money until you have enough to buy what you want. This is called _____.

Saving

300

There are two main things you can sell at a job - selling goods and selling services. What does it mean to sell a service?

You provide a service to people (doctors treat sick patients, veterinarians treat sick animals, mechanic fixes a car, teachers teach children, etc.)
300

When you borrow money from the bank to pay for something you cannot afford, you take out a _____. You pay it back to the bank over a certain amount of time.

Loan

300

A plan for how you will spend and save your money during the month is also called a _____.

Budget

300
When you don't have enough money in the store to buy a candy bar, so you ask your mom if she can buy it. You promise you will pay her back when you get home.

Borrowing

400
What does it mean to compare prices at different stores?

Check the price of the same item you want to buy at different stores to see which store has it the cheapest so you can save money.

400

Name three expenses your family pays each month when they get paid

Groceries, rent/mortgage, car payment, utilities, insurance, etc.

400

When you keep your money in a bank account, the bank will give you free money just for keeping it there. This is called _____.

Interest

400
When you choose something you want to buy and then save your money until you have enough money to buy it, that item is your _____. They can be long-term or short-term.

Savings goal

400

You don't carry cash or cards with you because everything can be done from your phone which is linked to your bank account

Electronic payments

500

What is impulse buying?

When you buy something you want even though you weren't planning to buy it (because it was too expensive, you didn't need it, etc.)

500
Money the government takes out of your paycheck before you get paid. The government uses it to pay for roads, schools, public community spaces, and public benefits.
Income taxes
500

There are two main types of bank accounts: checking and savings. What is the difference?

Checking - an account to keep money you plan to use regularly to pay for things

Savings - an account with money you don't plan to use often; where you build up your money to be able to use in the future or for emergencies

500

Sometimes you have to pay for/buy something you didn't include in your budget. This is an unexpected expense. Give an example.

Car breaks down, family member gets sick, appliance breaks (fridge, stove, furnace, etc.)

500

A piece of paper you sign saying that you will pay a certain amount of money. The person you give it to takes it to the bank where the teller can transfer the money from your account to the person you owe.

Check

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