Money Matters
What is the currency used in Canada?
What is the Canadian dollar?
Is food a need or a want?
What is a need?
What do we call it when stores lower their prices?
What is a sale?
What do we call money going out?
What is an expense?
What is paper money and coins called?
What is cash?
What is it called when you put money aside for future use?
What is saving?
Is a video game a need or a want?
What is a want?
What should you check to see which product gives you the best value?
What is unit price or price comparison?
What do we call money coming in?
What is income?
What do you use when you borrow money from a bank to pay later?
What is a credit card?
What's a 'piggy bank' an example of?
What is a place to save money?
You need it to get to school. Is it a need or a want?
What is a need? -- if it is transportation.
What is a budget?
What is a plan for how you spend money?
If you earn $50 and spend $20, how much do you have left?
What is $30?
Why can credit be risky?
What is extra money you pay when borrow money? What is you may not be able to pay it back in a timely manner?
What does 'income' mean?
What is the money you earn or receive?
Is a new phone, when you already have one, a need or a want?
What is a want?
Why is it important to read reviews or ask questions before buying something?
What is to make smart choices and avoid wasting money?
Name one fixed expense and one variable expense.
Answers will vary. (E.g. rent and groceries.)
What is interest?
What is extra money you pay when you borrow money?
What is the difference between saving and investing?
What is saving keeps money safe, investing tries to grow it over time?
What is the difference between a need and a want?
What is a need is something necessary to live; a want is something that you'd like to have.
How do ads try to get you to buy things you don't need?
What is by using celebrities, emotional appeals, bright colors, etc.?
Why is budgeting important?
What is to manage your money and avoid overspending?
What's one smart way to use a credit card?
What is to only buy what you can afford and pay it off in full each month?