Money Basics
What do we call the money we earn from working?
Income
What do we call a plan for how to spend and save money?
A Budget
A place where we keep our money safe and stored
What kind of job can you do at home to earn cash?
Chores, Babysitting.
What's one way you can help your parents save money?
Turn off lights when you leave the room.
Budget
Pack Lunch instead of Fast Food.
What do you call the money you keep instead of spending?
Savings
If you buy something for $20 that was $40, how much money did you save?
$20
What is the name of an account that you store money and earn interest?
Savings Account
What do we call people who work for themselves?
Entrepreneurs
What does it mean to "Invest" money
Using money to make more profit overtime.
Which U.S. President is on the $1 Bill?
George Washington
If something costs $25.50 and you give the cashier $40, how much change should you get?
$14.50
What is Deposit?
To put funds into an account
What do we call money you get for doing a job?
A Paycheck or Wages
What does it mean to "DONATE?"
Giving money or items to help others in need
What's the difference between needs and wants?
Needs are must haves and wants are nice to have.
What's one way to spend less when shopping for clothes or toys?
Look for Sales or Coupons. "CLEARENCE"
What does it mean to "Withdraw" funds?
To take money out of your account
What is annual income called?
A Salary
What is "CREDIT"?
Borrowing money that you promise to pay back later.
This is what we call money people pay to the government to help fund schools and roads.....
TAXES
What does it mean to "Live within your Means"?
Only spend what you can afford.
Which U.S. President is on the $5 Bill?
Abraham Lincoln
Which U.S. President is on the $20 Bill?
Andrew Jackson
If you earn $10 and donate $2, what percent did you give away?
20%