Saving and Budgeting:
A savings goal is a specific amount of money you're aiming to save for something you want, usually by a certain time.
What is a smart shopper?
A smart shopper is someone who compares prices, looks for good deals, thinks before buying, and only spends money on things they really need or truly want.
Name one way kids can earn money.
- Walking dogs, doing yard work, selling lemonade
What is a donation?
A donation is something (money, food, clothes, etc.) that you give to help others, without expecting anything back.
What is 10% of $10?
$1
Name two things you might need to save up for
Examples: Bike, House, Car, Shoes Clothes
TRUE OR FALSE: Buying something on sale means it's always good deal
False- Something on sale isn't always a good deal. If you don't need it, or it's still expensive elsewhere, it might not be worth buying.
What is income?
Income means the money you earn or receive, usually from work.
Why do people give money to charity?
People give to charity to help others in need, support causes they care about, and make a positive difference in their community or the world.
Add: $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 so you don't run out and can afford the things you need and want.
What is an impulse buy?
An impulse buy is when you buy something suddenly, without planning, usually because you want it right away rather than because you need it.
If you earn $5 for washing the car and $10 for babysitting, how much in total?
Name one thing you could donate that is not money.
Examples:
- Clothes, socks, food, etc.
What is the total cost of 2 shirts at $8.50 each?
$17.00
What is the difference between a want and a need?
- A need is something you must have to live (food, water, shelter, clothing).
- A want is something you'd like to have but can live without (toys, games, candy).
Why should you compare prices at two stores?
Comparing prices at two stores helps you find the better deal so you don't overpay and can save your money for other things.
What is a small business a kid could start?
A small business a kid could start: a lemonade stand, dog walking, a lawn-mowing service, selling crafts, a babysitting service, etc.
What does volunteering mean?
Volunteering means giving your time and effort to help others or support a cause, without getting paid.
If tax is 5%, how much tax will there be on an item that is $20?
$1.00 in tax
You want a bike that costs $100. You earn $10 a week. How many weeks until you can afford it?
10 weeks
If a toy costs $18 and you have $20, how much will you have left?
$2 left
What’s the difference between a job and a chore?
A job is work you do regularly and get paid for.
A chore is a task you do (often at home) that usually isn't paid it's just a responsibility.
How does giving help both the giver and the receiver?
Giving helps the receiver by meeting a need or bringing them joy, and it helps the giver by making them feel good, grateful, and connected to others
You have $50. You buy a $20 book, a $12 toy and a $10 snack. How much is left?
$8