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.
What can stores use to grab your attention?
Flashy signs, or sales, or special deals.
What makes you more money: a million dollars right now, or a penny that doubles every day?
A penny that doubles every day.
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 can savings be used for?
emergencies, or something you really want, or big expenses.