Money Math
$45 + $17 = ?
$62
Are clothes a need or a want?
Need
What is income?
Money you earn or receive
You pay $5 for a $3.25 item. How much change do you get back?
$1.75
What’s the biggest coin in Canada?
$2 (toonie)
$100 − $28 = ?
$72
Is orange juice a need or a want?
Want
What is an expense?
Money you spend or outgoing money
You pay $10 for a $6.85 item. How much change do you get back?
$3.15
What’s the smallest bill in Canada?
$5 bill
$78.45 + $125.60
$204.05
Name 3 examples of wants.
Video games, toys, fancy cars, etc
If you earn $150, spend $35, then ear another $50, how much do you have left?
$165
You pay $22 for a $15.50 item. How much change do you get back?
$6.50
How many quarters make $10?
40
$1,250 − $475
$775
Name 3 examples of needs.
water, food, shelter, sleep, clothes...
What are two examples of expenses?
Rent, food, bills, etc
You pay $50 for a $37.65 item. How much change?
$12.35
How much money is 20 nickels?
$1
$999.99 + $1,125.50
$2,125.49
Why is saving money sometimes more important than buying a want?
To prepare for future needs or emergencies.
You save $50 every month for a year. How much did you save at the end of the year?
$600
You pay $300 for a $72.99 item. How much change?
$227.01
What are two facts about the $10 bill?
Purple, Viola Desmond, it's vertical.