Money Basic
What are the 2 forms / types of money?
Bills and Coins
What is money?
Money is a tool we use to buy Goods and Services
What do we spend money on?
Good- (food)
Services- (bus,etc)
What are needs ?
A need is something we must have to live.
What are wages?
Wage is the money we earn each hour you work or each time you do a job.
How many Bills do we have?
Six
What are goods and services ?
Goods are things we buy or use.
Services are something we pay someone to do for us.
What are the Four (4) ways we use to pay for things?
Card- debit/credit
Cheque
Cash
Digital payment- (1st pay)
What are wants?
A want is something we like to have but we donot need.
What are Salary?
A salary is a set amount of money you earn every month or every week.
What is Financial Literacy?
Financial Literacy is knowing how to make decisions about money.
Knowing about money like how we talk, use and think about it and how it makes us fee.
Persons with money are better than those with little money. True/ False
FALSE
Change Calculations
-You went to the Bakery to buy a meat roll for $3. You give the cashier $10, how much change should you receive?
$7.00
What is a budget?
A budget helps us plan how we spend, save and share our money.
What is income?
Money you receive for doing work.
What color is the $50 and what national hero is on the bill?
Orange and Errol Barrow
We can share and help others with our money.
TRUE
Calculate change
You went to the store to buy a drink for $3.50.
You give the cashier $5.00. What is the change?
$1.50
Why is it important to compare prices before buying something expensive?
saving money, finding better quality, getting the best value, or avoiding overspending.
A person who starts and runs their own business.
an entrepreneur?
What are banknotes made out of?
polymer
Annette Believes that it is good to share and help others with our money. She is asked to give $5 to help raise money for the school. Annette has $6 she can give to help with the school. what would Annette do?
Give to the School.
You and your friends went to the movies to watch a movie. Your parent give you $50. how much money are you taking home?
Movie - $15
Drink $4 Popcorn $10 Nacho & cheese $ 20
Water $3 Candy $ 5
change $
Mia wants sneakers for $180, but another store sells similar ones for $120. What is the smarter shopping choice?
buying the cheaper pair if the quality is similar?
Name one skill a teenager can use to earn money.
baking, graphic design, tutoring, braiding hair, babysitting, photography, cleaning, or selling products online.