What Is Money?
What do we use money for?
To buy things we need or want
How do people earn money?
By working at a job
What does it mean to “spend money wisely”?
To think before buying and choose the best option
What does it mean to donate?
To give money or items to help others
What is the name for money from other countries?
Foreign currency
What’s the difference between coins and bills?
(Answer: Coins are metal, bills are paper)
What’s the money people earn from working called?
Income
If one toy costs $5 and another is $3, which is cheaper?
$3 toy
Why is giving to others important?
It helps people and makes our community better
What do exchange rates do?
Tell us how much one country's money is worth compared to another's
Name one need and one want.
Food is a need, toys are a want
What job would you like to do one day to earn money?
Open Ended
What is a budget?
A plan for how to use your money
What’s a short-term goal?
Something you want soon, like a toy
What is something a kid could sell as a business?
Open-ended: lemonade, bookmarks, etc.
Why is it important to understand the difference between a need and a want?
So we can spend money on the most important things first
Why do people save money?
To buy something in the future or for emergencies
If you had $10, how might you spend, save, and share it?
Open-ended
What’s a long-term goal?
Something you save for over time, like a bike
What is a customer?
A person who buys something from a business
What happens if we only spend on wants and ignore needs?
We might not have enough for what we really need, like food or shelter
What is one smart way to store saved money?
In a savings jar or a bank
What could happen if you spent all your money right away?
You wouldn’t have any left for saving or emergencies.
How can a goal chart or sticker tracker help you?
It helps you keep track of your saving progress
Why should we think carefully before buying something we saw in an ad?
Ads try to make us want things, even if we don’t need them