Spending Choices
Definition of a want.
What is something that you don't need to survive?
What is a bank account?
What is budgeting?
Separating your paycheck into sections in order to prioritize bills and expenses.
What is a loan?
Borrowing money from a bank or organization.
How many hearts does an octopus have?
Define a need.
What is something that you need to survive?
What is a credit card?
A card that has a certain limit to borrow money.
Why is it important to budget?
So, you don't miss bills and can save money.
Name 4 things a student loan pays for.
Books, dorm, tuition, and meals
This reptile is known for changing the color of its skin to blend with its surroundings.
Chamleon
List 5 needs.
Food, shelter, clothes, shoes, and education.
What is a debit card?
A card that is linked to your bank account so you can use your actual money.
Name some items you should prioritize when grocery shopping.
Meat, bread, milk, cereal, oatmeal, water, meals.
What is a car loan?
A loan you take out to buy a car
This is the highest mountain in the world, located in the Himalayas.
Mount Everest
Candy, Iphone, cruise, laptop, and a pet.
What is direct deposit?
Where your paycheck goes directly into your account.
Where can you go when you have financial questions?
Library or a bank.
What is a mortgage loan?
Money you can borrow from a bank or organization to buy a house.
This fairy tale follows the adventures of a wooden puppet who dreams of becoming a real boy.
Pinocchio
Why is it important to spend money on the things that you need first?
Needs have priority over wants.
What should you do if you have an unknown charge on your account?
Call your bank and cancel your card.
What is a tool you can have for assistance in budgeting?
Download an app or get a tracking journal
List three different types of loans.
Student, car, and mortgage?
What is a group of cows called?
A murder