Money Basics
What do we call the coins and bills we use to buy things?
What is money?
What is a piggy bank used for?
What is saving money?
Is food a need or a want?
What is a need?
What do we call the amount of money something costs?
What is the price?
What is a Credit Union?
What is a place where people keep their money and get help with saving and borrowing?
What is it called when you give money to buy something?
What is spending?
What do you call a plan for how to use your money?
What is a budget?
Is a video game a want or a need?
What is a want?
If two stores sell the same toy but one is cheaper, which is the smarter buy?
The cheaper.
How is a Credit Union different from a Bank?
A credit union is owned by its members, not by big companies.
If you don't spend your money and keep it for later, what are you doing?
What is saving?
If you get $10 and save $5.50, how much do you have left to spend?
What is $4.50?
What is the difference between a need and a want?
A need is something you must have; a want is something you desire to have.
What does "on sale" mean?
The price is lower than usual.
Why might someone put their money in a credit union instead of hiding it at home?
Safer, and it earns interest.
What do we call the money we get from doing work or chores?
What is income?
Why is it smart to save some of your money instead of spending it all immediately?
So, you have money for the future and emergencies.
A toy is an example of?
What is a want
What's it called when you compare prices to find the best deal?
What is Comparision shopping?
What can you do with savings account at a credit union?
What is keep your money safe, and watch it grow over time.
This coin is equal to 25 cents
What is a quarter?
What are three categories you can divide your money into?
What are spend, save, and give?
Why is it important to know the difference between needs and wants?
So you can make smart choices with your money.
Why is it important to compare products?
To get the best value for your money.
Who can join a credit union?