Needs VS. Wants
Is food a need or a want?
What is a Need
What is income
What does it mean to save money?
What is Keep money for later instead of spending it now.
What is a budget?
What is a plan for how to use your money.
What does perseverance mean?
What is not giving up, even when something is challenging.
Is buying the newest video game a need or a want?
What is a Want
Name one age-appropriate way a kid could earn money.
What is pet sitting, chores, yard work, babysitting, etc.
What does it mean to share money?
What is Use some of your money to help others or support a cause.
You have $20 and spend $8. How much is left?
$12
True or False: If you can't afford something today, you should always give up on buying it.
What is False
You have $20. You need lunch, but you also want a new toy. What should you buy first?
What is Lunch
You earn $10 for helping a neighbor and $15 for washing car. How much did you earn?
What is $25
You recieve $30 and decide to save $10 and share $5. How much can you spend?
What is $15.
You want a $50 backpack and already saved $30. How much more do you need?
What is $20
You want a $60 bike helmet and have $30. If you save $10 each week, how many weeks until you can afford it?
What is 3 weeks
True or False: Something can be a need for one person but a want for another
What is True
What's the difference between earning money and recieving money as a gift?
What is earning comes from work or services; a gift is given without requiring work.
Why might saving money better than spending everything immediately.
What is to prepare for future needs, emergencies, or goals.
You have $40. You plan to spend $25 on shoes and $20 on snacks. Are you within budget?
What is NO. Your'e $5 over budget.
Your team is stuck on a difficult challenge. Name two things you can do instead of quitting.
What is ask for help, try a new strategy, work together, or review the clues.
Your shoes are falling apart, but you want expensive designer sneakers. What's the difference between the need and the want?
What is Need: Shoes that fit and protect your feet. Want: the expensive designer brand.
You earn $12 per hour helping with yard work. If you work for 3 hours, how much money will you make?
What is $36
You earn $60. Create a Spend, Save, Share plan that saves at least $20 and shares at least $10.
You have $75. You need to buy a $30 jacket, want a $25 game, and plan to save $25. Can you afford everything? What could you change?
What is No. Total is $80, which is $5 over budget. Reduce spending by $5 or adjust the plan.
You want a $100 pair of shoes. You have $40 and save $15 each week. How many weeks until you can afford them?