Vocabulary
Money a person gets from working or selling.
Income
How do you pronounce the word income in Spanish?
Ingreso
How do you pronounce the word expense in Spanish?
Gasto
How do you pronounce the word profit in Spanish?
Ganancia
How do you pronounce the word savings in Spanish?
Ahorros
Money a person spend for a good or service.
Expense
What is a way to earn money?
Students response will vary.
Pablo open a lemonade stand. He spent $15.00 in materials and then he received $24.00 in sales.
What was Pablo's expense?
$15.00
Pablo open a lemonade stand. He spent $15.00 in materials and then he received $24.00 in sales.
What was Pablo's profit?
$9.00
Explain one way you can save money.
Student response will vary.
Money you set aside in a piggy bank or savings account.
Savings
Pablo open a lemonade stand. He spent $15.00 in materials and then he received $24.00 in sales.
What was Pablo's income?
$24.00
Your mom went to the grocery store and bought eggs. Each egg costs $2. Your mom bought 12 eggs. How much was your mom's total expenses?
$24.00
If Mr. Rosario buys a pair of shoes for $60.00 and sells them for $80.00 he will make a ___________.
Profit
• Tabitha is washing dishes at her school for pay.
• Monique is shopping for a new dress to wear to a party.
• Mario is putting his allowance in a box every month.
• Jacob is helping his mother pay for groceries.
Who is saving money?
Mario
Money made after paying all the expenses.
Profit
Derek mows his neighbor's lawn. Mike collects stamps. Sandy goes shopping for new shoes. Theresa volunteers at the hospital.
Which person is most likely to received money?
Derek
Derek mows his grandmother's lawn. Mike collects stamps. Sandy goes shopping for new shoes. Theresa volunteers at the hospital.
Which person is most likely to spend money?
Sandy
The candy company wants to make a profit. The cost of candy material used to make candies has increased. The company does NOT want to raise prices. What will most likely happen to profits for the candy company?
Profits will decrease
If your parents give you $5 every week for doing chores at home.
How much money are you going to save in 7 weeks?
$35.00