Know the Basics
Word Match
Think Smart
Fact Check
10

What is one reason people spend money every day?

To buy food, clothes, or school supplies

10

A plan for how to use your money

Budget

10

Why is it important to understand needs vs. wants?

So you don’t waste money on things you don’t need

10

A budget is only for adults with jobs.

False

20

What are examples of “needs”?

Food, clothes, school items

20

How good or well-made something is

Quality

20

How can comparing prices help you?

You save money and find better deals

20

Wants are more important than needs.

False

30

What should you do before buying something?

Ask: “Do I really need this?”

30

The money you receive regularly from parents or guardians

Allowance

30

Why should you not always trust sales?

Because cheap prices don’t always mean good quality

30

Comparing prices is a smart way to save money.

True

40

What are the three parts of a simple budget?

Saving, spending, sharing

40

A habit of buying many products

Consumerism

40

How does budgeting help you in the future?

It helps you manage money and avoid problems later

40

You should always buy something if it’s on sale.

False


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