1
food, water, or shelter
What is a need?
True or False: Only adults can make a budget.
False.
A plan for where your money goes.
What is a budget?
What are wants?
Things you don't need to live but enhance quality of life.
If someone only has enough money for lunch OR a video game, which should they buy and why?
Lunch, because it's a need.
What is debt?
Money that is owed.
True or False: Saving money is only useful for emergencies.
False.
Stores use big and flashy signs. Why?
To grab your attention and make you want to buy quickly.
Why is it smart to save money when you're young?
You build good habits.
What kind of deal uses phrases like “50% off” or “only today”?
A sale.
What is money described as in the presentation?
A tool that helps you make choices.
What might someone need to save money for?
emergencies, something you really want, or big expenses.