Currency & Money
What do we use to buy things at the store?
Money
Do you NEED or WANT candy?
want
What is a budget?
a plan for how to spend your money
Why do people in the mountains grow apples?
Because it is cooler in the mountains.
What is another word for money?
Currency
Which is a need: shelter or a video game?
Shelter
Name one thing you would put in your budget.
Food, house payment, electricity, clothes, toys, etc.
Why do people who live near the ocean catch and sell fish?
Because fish are available/found there
What is it called when you do not spend money right away?
Saving
List two things you need to live.
Shelter, food, water, clothes
What is income?
Money you earn.
If you live in a forest, what natural resource is nearby?
Trees (or wood)
What is the money you earn called?
Income
Your family has $100. They need to buy food and clothes. Should they buy a bicycle too? Why or why not?
No. The food and clothes are a need and the bike is a want.
What are expenses?
Money you spend on things.
Why can't people grow bananas in Alaska?
It's too cold / bananas need warm weather
Name two places you can use money to buy things.
store, restaurant, gas station, etc.
If you want a toy but you also need new shoes, which should your family buy first?
New shoes
What is always a good idea to do if you have money left over after needs?
Save some money
A farmer lives in a place with lots of rain and good soil. What would be a good crop to grow there?
Vegetables, corn, wheat, rice (any crop that needs water and good soil)