team 1
What do we call the coins and bills we use to buy things?
money
Name one way people can get money.
job
What do we call the act of using money to buy something?
spending
What is it called when we keep money to use later?
saving
What’s more important: a toy or food?
food
What do we call things we must have to live, like food or clothes?
needs
What do we call things we want but don’t really need, like candy or video games?
wants
What’s the difference between saving and spending?
saving keeps money, spending uses money
What do we call a plan for how to spend our money?
budget
If you have $10 and spend $4, how much do you have left?
$6.00
If you give a $5 bill and buy something that costs $3, how much change should you get?
$2.00
What do we call the paper money we use?
bills
You have $10. You want to save $3, buy a toy for $4, and a snack for $4. Can you do it?
No, you only have $10 and that adds up to $11.
Where can kids earn money at home?
chores
You only have enough money for one thing: a snack or a notebook for school. What should you buy?
notebook
You want to buy a $20 toy. If you save $5 a week, how many weeks will it take?
4 weeks
Is a new backpack a need or a want if your old one is broken?
need
What do we call the money we get back after paying with a bigger bill?
change
What does “investing” mean for kids?
putting money into something to grow it later
You have $10. You want a $5 toy and a $4 book. Can you buy both and still save $2?
No, because $5 + $4 = $9, and you need $11 to save $2.