Earning Money
The term used for money you receive for doing a job
What is income
What is it called when you keep money to use later
Saving
A plan on how we spend and save money
What is a budget
This is a place where people can save, manage and borrow money
What is a bank
This is a period when items are sold at a reduced price
What is a sale
Name a few ways kids can use to make money
What are chores, babysitting and selling baked goods
What is a piggy bank used for
Saving Money
Money you plan to save
What is a savings
This is an account you can save money and earn interest
What is a Savings account
This is a paper that shows proof of purchase
What is a receipt
Money you get from your parents for doing chores
what is an allowance
Why is it important to save money
To have money for future needs and emergencies
Creating a sheet with expenses listed
What is a budget
This is what ATM's are used for
What is withdrawing or depositing money from a bank account
This is a place where you can compare prices of different items before buying.
What is a store or online shopping site
What is a paycheck
what is money received for doing a job showing the amount you earned
We buy things that are not necessary is called
What is wants
use this to help you add income and subtract expenses when you budget
What is a calculator
This is money earned on savings or paid on loans
What is interest
This is a voucher that saves or gives you discounts when you shop
What is a coupon
What is the difference between salary and hourly wage
Salary is a fixed amount you earn regularly and hourly is based on the number of hours you work
We buy things that are necessary to live (Food, Electricity, rent)
What is needs
2 different types of accounts someone can put their money in?
What is a savings and checking account
This is the difference between savings and checking account
What is checking accounts used daily and savings is used to save money and earn interest
What is price match