Saving Money
Name one way you can save money
put money in a jar, save in a bank, spend less, etc.
Which is a need: food, video games or candy?
Food. You need food to be able to survive.
You earn $10. You spend $7. How much do you have left?
What's one place to keep your money safe?
The bank
Where can you look for sales before shopping?
The store flyer, online, Flipp app, etc.
True or False: Saving a little each week adds up over time
True. Every little bit counts
Is a winter coat a need or a want?
A need. When it comes time for winter you need a winter coat to stay warm.
You have $20. You spend $15. How much is left?
$5
What do you call the machine you use to take money out with a card?
What is better: shopping with a list or without one?
Shopping with a list
If you get $30 and save $10, how much did you spend?
$20
Give one example of a want
new phone, books, video games, movies, etc.
Why is it important to make a budget?
What is a debit card used for?
To pay for things with money from your bank account
True or False: Comparing prices can save money
True!
What does it mean to save for the future?
Keep money for a later use, such as a trip, an item you want, etc.
Which is a want: water, medicine, or a new phone?
If you have $50 and need to pay $40 for your phone bill, how much is left?
$10
What is a credit card used for?
To pay for things using borrowed money.
If one shirt costs $10 and another costs $20, which is cheaper?
The $10 shirt!
If you save $5 every week for 10 weeks, how much will you have?
$50
Why are wants more important than needs?
Needs help you live and stay safe. Wants are extra things.
If you spend more money than you have, what happens?
You go into debt, or you can't pay for other things like your needs.
What is interest?
Money the bank gives you for saving
Name one way to save money at the grocery store.
Use coupons, buy store brands, shop sales, make a grocery list/plan