Saving & Budgeting
What is a savings goal?
A savings goal is something you plan to save money for.
What is a smart shopper?
A smart shopper is someone who thinks carefully before buying something.
Name one way kids can earn money.
One way kids can earn money is by doing jobs like mowing lawns or pet sitting.
What is a donation?
A donation is something you give to help others, like money, food, or clothes.
What is 10% of $10?
10% of $10 is $1.
Name two things you might need to save up for.
You might save up for a bike and a video game.
True or False – Buying something on sale means it’s always a good deal.
False — something on sale is only a good deal if you really need it and it costs less than other choices.
What does the word “income” mean?
Income is the money you earn.
Why do people give money to charity?
People give money to charity to help people, animals, or causes in need.
Add: $2.50 + $1.75 + $3.00
$2.50 + $1.75 + $3.00 = $7.25.
What does a budget help you do?
A budget helps you plan how to spend and save your money.
What is an impulse buy?
An impulse buy is something you buy without planning or thinking about it first.
If you earn $5 for washing the car and $10 for babysitting, how much total?
You would earn $15 total.
Name one thing you could donate that’s not money.
You could donate clothes, toys, or canned food.
What is the total cost of 2 shirts at $8.50 each?
The total cost is $17 for 2 shirts at $8.50 each.
What’s the difference between a want and a need?
A need is something you must have to live, and a want is something that is nice to have.
Why should you compare prices at two stores?
You should compare prices at two stores so you can find the best deal and save money.
What’s a small business a kid could start?
A kid could start a small business like a lemonade stand.
What does volunteering mean?
Volunteering means giving your time to help without being paid.
If tax is 5%, how much tax on a $20 item?
The tax on a $20 item at 5% is $1.
You want a bike that costs $100. You earn $10 a week. How many weeks until you can afford it?
It will take 10 weeks to save $100 if you earn $10 each week.
If a toy costs $18 and you have $20, how much will you have left?
You will have $2 left after buying the toy.
What’s the difference between a job and a chore?
A job is work you do to earn money, and a chore is work you do to help at home.
How does giving help both the giver and the receiver?
Giving helps the receiver by giving them support and helps the giver by making them feel good for helping.
You have $50. You buy a $20 book, a $12 toy, and a $10 snack. How much is left?
You would have $8 left.