Money & Math
How many dimes equal one dollar?
10
What is a savings account?
A place in a bank to keep money safe and earn interest
You need to buy school supplies and want a new video game. Which should come first?
School supplies – needs come before wants
What is the money you earn from a job called?
Income
What is one way to keep your money safe?
Don’t share your account info or keep it in a secure place (like a bank)
You have 3 quarters, 2 dimes, and 1 nickel. How much money do you have?
$.95
What does it mean to earn interest?
The bank pays you extra money for keeping your savings there
Why are needs more important than wants?
Because you can’t live without needs
What are some jobs kids can do to earn money?
Babysit, mow lawns, walk dogs, etc.
Why is it smart to compare prices before buying something?
to get the best deal and save money
What is change?
he money you get back after paying for something
What is a budget used for?
To plan how to spend and save your money
Give two examples of needs and two of wants.
Needs: food, water; Wants: toys, candy
What does it mean to be an entrepreneur?
Someone who starts their own business
What does it mean to “live within your means”?
don't spend more than you earn
If a toy costs $7 and you give the cashier $10, how much change should you get back?
$3
If you earn $20 and want to save half, how much do you save?
$10
What might happen if you spend all your money on wants?
you might not have enough for needs
What’s the difference between a salary and hourly pay?
Salary is a fixed amount, hourly pay is for each hour worked
Why is it helpful to set financial goals?
To plan for things you want or need later
What do we call the total amount of money you have?
Balance
What can happen if you don’t follow your budget?
you might run out of money or not have enough for needs
How can you make smart decisions when choosing between needs and wants?
Think about what’s most important and plan ahead
Why do some people choose to save part of their income?
To prepare for the future or big goals
What’s one example of a long-term financial goal?
Saving for college, a car, or a big trip