Financial Wants
What is a want?
Something that you would like to have, but you don't need.
What is a debit card?
A card that gets charged right after you swipe and it comes from your checking account.
What is a budget?
Your plan for spending, saving, and donating.
How you plan to spend your money.
Who was the first president of the United States?
George Washington.
What is an example of a want?
What is a credit card?
A card that you use to buy something, but you have to pay back because it's not your money.
An exchange of one-product for another-product, typically without the exchange of currency.
What is a trade?
What artist made the Mona Lisa?
Leonardo da Vinci.
The difference between financial wants and needs.
Needs are essential for survival, and wants are not.
This happens if you don't make your credit card payment on time.
A late fee will be charged.
Giving money to a person or business with the expectation that it will be repaid. For example: a mortgage.
What is loaning.
What is the only mammal that is capable of flight?
Bat.
Banks offer services that have to do with money. Name two services banks provide that deal with money.
Savings account, checking account, loans, debit and credit cards
Non-electronic way of paying for goods.
What is cash or checks?
Receiving money with an agreement to repay it in future, usually with interest charged.
What is borrowing?
How many Michelin stars has Gordon Ramsay had over his life?
17 Michelin stars
Your old car has died and you need a new one. You do not have enough money in your savings account. What do you need to apply for?
A loan
What is a type of financial account that pays people interest to put their money in the bank?
What is a savings account?
Giving a gift for charity, humanitarian aid, or to help a cause. Typically money, services, and goods such as clothing, toys, and food.
What is donating?
How many bananas does the average person eat per year?
70-100 bananas