💲 MONEY BASICS
What do we call money that a country officially uses?
Currency
What do you receive for doing a job?
Pay / money
Why do people save money?
For future needs or goals
What is something you want but don’t need called?
A want
True or False: Money grows on trees.
False
What is the paper money in the U.S. called?
Bills
What is the money you earn from working called?
Income
What is money saved for emergencies called?
Emergency savings
What is something you must have to live called?
A need
True or False: Saving money means you can never have fun.
False
What coin is worth 25 cents?
Quarter
Name one job a middle school student might have.
Babysitting, mowing lawns, chores, etc.
What type of bank account is best for saving?
Savings account
What should you do before buying something expensive?
Compare prices / think first
True or False: You should always spend all the money you earn.
False
How many cents are in one dollar?
100
What is it called when you earn extra money besides a regular job?
Side job / side hustle
What is interest when saving money?
Extra money earned
What is a budget?
A plan for spending and saving money
True or False: Credit cards use money you already have.
False
What picture is usually on the front of U.S. coins?
A president
What do we call the amount of money paid per hour?
Wage
Why is saving money better than spending it all right away?
You’ll have money later
Why is it smart to track how you spend money?
To avoid overspending
True or False: Learning about money helps you make better choices.
True