Budgeting
What is a budget used for?
Planning how to use your money.
Which is a need: food or new headphones?
Food.
What does a debit card pull money from?
Your bank account.
Why is saving money important?
For future needs or goals.
What is comparison shopping?
Checking prices to find the best deal.
If you earn $10, what should you do before spending?
Decide how much to save.
Why should needs come before wants?
Needs keep you healthy and safe.
What does a credit card let you do?
Borrow money to pay later.
What is an emergency fund for?
Unexpected problems.
How can peer pressure affect spending?
It makes you buy things to fit in.
Why is tracking your spending helpful?
It shows where your money goes.
How can ads make you want things you don't need?
They make items look exciting or necessary.
Which card uses your own money immediately?
Debit card.
What is income?
Money you earn.
What is a smart way for a kid to earn money?
Chores, babysitting, yard work.
What does it mean to "save for a goal"?
Put money aside for something you want later.
What is a want people confuse as a need?
New clothes that aren't required.
Why is it bad to not pay your credit card bill?
You owe more and get into debt.
Why do people keep money in a bank?
It's safer and can earn interest.
What do adults pay taxes?
To fund public services like roads and schools.
What happens if you spend more money than you have?
You run out or go into debt.
How can you tell if something is truly a need?
What is interest on a credit card?
Extra money you pay for borrowing.
Why does saving a little each week add up?
Small amounts grow over time.
What is a financial responsibility you'll have in high school?
Paying for things like supplies or transportation.