Needs vs. Wants
Is a warm winter coat a "Need" or a "Want"?
Need
Which is cheaper: A $2 bag of apples or a $5 bag of oranges?
What is Apples?
What is the name of the paper you get that shows how much money you earned?
What is paystub?
Besides the price of a car, name one other thing you have to pay for to drive it.
What is insurance?
Where should you keep money you are saving for a "rainy day"?
What is a Rainy Day Fund? Savings account?
You have $5.00. You can buy a bag of healthy apples for a snack or a bag of candy. Which one is a Need for your body?
What is bag of healthy apples
You see two boxes of cereal. One is a giant box for $6.00 and one is a small box for $3.00. If you only have $4.00 in your pocket, which one can you buy?
What is is small box?
If you work at a job, what is the specific day called when you finally get your money?
What is Payday?
You go to a restaurant and the bill is $10.00. You should leave a little extra money for the person who served you. What is that extra money called?
What is a Tip
You are walking and your shoe rips in half. You have to buy new ones today. Is this an "Expected Bill" or an "Emergency Expense"?
What is Emergency Expense?
You have $20. You need a bus pass ($15) and want a movie ticket ($12). Can you get both?
No, What is take care of your needs?
Brand name soap is $4.00. Generic soap is $2.50. How much do you save by buying generic?
What is $1.50?
If you work 10 hours and earn $10 per hour, what is your "Gross Pay"?
What is $100?
You buy a shirt for $10.00, but the total at the register is $10.80. What is the extra 80 cents?
What is called tax?
Your sink breaks and repairs cost $50. You only have $30. What is this called?
What is Budget Shortfall or Insufficient Funds / NSF (The Bank Term)?
Name a "Want" that you might pay for every single month (like a streaming service or a gaming pass).
What is Netflix, Hulu, Xbox Live, Disney+, etc.?
A "Store Brand" box of cookies is $2.00. A "Name Brand" box is $4.50. How many store-brand boxes could you buy for the price of one name-brand box?
What is Two boxes (with 50 cents left over).?
Your boss offers you a "Bonus" of $50 for doing a great job. Does this add money to your budget or take it away?
What is Adds money (Income)?
You bought a cool new video game for $60. To play it online with friends, you found out you have to pay $10 more a month. What is that $10 called?
What is A Subscription or Service Fee?
If you spend every single dollar of your paycheck on games and candy, how much do you have left if your bike tire pops?
What is $0 (Nothing)?
Give an example of a "Want" that someone might mistake for a "Need."
What is cell phone? What is dress clothes? What is a car?
You have $10.00. Milk is $3.50 and Bread is $2.75. Do you have enough for both?
What is can afford both?
What are "Taxes," and do they make your paycheck bigger or smaller?
What are called deductions? Make them smaller?
What is a "Subscription," and why should you check your bank statement for them?
What is service or product you pay for on a recurring basis ? What is nextfilx? What is disney? What is Hulu?
Name one "unexpected expense" that isn't a bill.
What is Replacing a Lost Item? What is oops moment? What is surprise birthday party? What is a medical co pay? what is a celebration lunch?