Needs / Wants
food / water / shelter
What is a need?
Holding money for later or for bigger expenses.
What is saving money?
A plan for where your money goes.
What is a budget?
ads / sales / signs
ads / sales / signsWhat do stores use to get people to buy?
They are unnecessary for survival but may enhance quality of life.
What are wants?
emergencies / big expenses / your future
Why might people need to save money for?
saving / spending / giving / real example
What do you use money for in a budget?
What should you ask yourself before buying something?
Do I really need it?
If someone only has enough money for lunch OR a video game, which should they buy and why?
Lunch, because it's a need.
Why is it smart to save money when you're young?
You build good habits.
Can you use a budget with a small amount of money? Why?
Yes, because you are still able to control what you have.
How does being a smart shopper help you?
You save more money.
What does knowing needs vs wants help you do?
It helps you spend money wisely and not waste money.
If you spend all your money quickly, what might happen?
You don't have enough money for something later when you need it.
Why is budgeting money better than just spending it?
You know where your money goes, so you can make smarter choices.
Stores use big and flashy signs. Why?
To grab your attention and make you want to buy quickly.