Money and Budgeting

Counting Money

100

You have a $5 bill. How much money do you have?

$5

200

You have one $5 bill and one $1 bill. How much money do you have?

$6

300

You have a $10 bill and spend $3. How much money do you have left?

$7

400

You have two $10 bills and one $5 bill. How much money do you have?

$25

500

You have $20 and spend $8. How much money do you have left?

$12

Shopping

100

You want to buy a $3 snack. Which amount is enough: $2 or $5?

$5

200

A shirt costs $10. You give the cashier a $20 bill. How much change should you get back?

$10

300

You have $15. A toy costs $12. Can you afford it? 

Yes!

400

You have $10. A snack costs $4 and a drink costs $3. How much money will you have left?

$3 

(4+3=7 and 10-7=3)

500

Two stores sell the same item. Store A charges $8 and Store B charges $5. Which store costs less?

Store B 

Needs vs Wants

100

You need food to eat. Is food usually a need or a want?

Need

200

You really want a new video game, but you already have games at home. Is the new game a need or a want?

Want

300

Which is usually more important to pay first: your rent or a new pair of sunglasses?

Rent

400

You have $20 left until payday and you need groceries. Should you spend your $20 on groceries or a new decoration for your room?

Groceries 

500

You want something expensive, but you don’t have enough money. What is one smart thing you can do instead of using money you don’t have?

Save up for it

Bills and Budgeting

100

Money you plan to spend on something is called a _______.

Budget

200

Rent is an example of a ______. 

(Want or Need)

Need 

300

You get paid $500. Your bills are $300. How much money is left after you pay your bills. 

$200

($500-$300=$200)

400

Why is it helpful to write down your bills and expenses?

To know where your money is going, how much you are spending on bills each month, and remember to pay your bills on time. 

500

You get paid on Friday, but your electric bill is due on Monday. What should you do with the money before spending it on something fun?

Set the money aside to pay the electric bill

Smart Money Choices

100

True or False: It is a good idea to spend ALL of your money as soon as you get paid. 

False

200

You want something that costs $50, but you only have $30. Can you buy this item?

No

300

What can you do with money that you don’t need to spend right away?

Save it

400

Someone calls and asks for your bank password. Should you give it to them?

No!

500

You receive a text saying you won $1,000, but you must send $100 first to receive your prize. What should you do?

Don’t send the money and tell a trusted person about the situation