Money Basics
How many cents are in one quarter?
25
Yes!
You have $5 and spend $2. How many do you have left?
$3
Is food a need or a want?
Need
What is a debit card used for?
To pay for things using money out of your bank account
How many cents are in one dollar?
100
You have $20 and spend $8. How much do you have left?
$8
You have $10 and spend $4. How much is left?
$6
Is a new videogame a need or a want?
Where does the money come from when you use a debit card?
Your bank account
What is worth more: a $5 bill or a $1 bill?
a $5 bill
What should you do before buying something if you do not know what it costs?
Check the price
Something costs $7. You pay with a $10 bill. How much is left?
$3
Is electricity for your home a need or a want?
Need
What is a PIN number?
A private number to help protect your card/account
What do we call money that is put away for later?
Savings
What does it mean to compare prices?
Check the price of both and see which one costs less
You have $20. You spend $5 on lunch and $5 on a movie. How much is left?
$10
You already have several pairs of shoes but see a new pair you want. Is the new pair a need or a want?
Want
Should you share your debit card PIN with others?
No
What do we use a budget for?
To keep track of money
What is a receipt?
A paper record showing what you bought
You have $20. You spend $15 on gas. How much do you have left?
$5
Needs are things you cannot live without, and wants are things you can live without
Can you use a debit card to get cash from an ATM?
Yes