Saving Money
What is it called when you keep money for later instead of spending it?
Saving
What do you give to a store to buy something?
Money
What do adults usually do to earn money?
Work
What are things you must have to live called?
Needs
If you have $15 and spend $12, how much is left?
$3
Where do people usually keep their money?
A bank
Is candy a need or a want?
A want
What is money earned from work called?
Pay or income
What are fun things you don’t need called?
Wants
You save $10 a day for 7 days. How much do you have?
$70
Why is saving money important?
For emergencies or future goals
If one store sells a toy for $25 and another sells it for $22, how much do you save by choosing the cheaper store?
$3
Name a job kids might do to earn money.
Chores, babysitting, lemonade stand
What does “budget” mean?
A plan for money
If a toy costs $22 and you have $10, how much more do you need?
$12
What is a goal you might save money for?
Toy, bike, game, trip, etc.
What is an example of a need?
Food, clothes, housing, etc.
If you earn $8 an hour and work 5 hours, how much money do you earn?
$40
Should you spend all your money at once?
No
You earn $50 and save half. How much do you save?
$25
If you save $5 every week, how much do you have after 4 weeks?
$20
If something costs $10 and you only have $8, what should you do?
Save more or don’t buy it
Why is it important to earn money?
To pay for needs and wants
What should you do before buying something expensive?
Plan, save, or ask questions
You have $90 and spend $18. How much is left?
$72