Wants vs. Needs
Is a backpack a want or a need?
What is a need?
What does it mean to save money?
What is keeping money for later?
You have 3 quarters. How much money is that?
What is 75 cents?
Where do most people put their money to keep it safe?
What is a bank?
You have $100. Do you spend the entire amount on clothes and shoes or do you create a plan?
What is create a plan?
You want a new toy, but your shoes have holes. What should you buy first?
What are shoes?
If you get $10 and spend $4, how much is left?
What is $6?
If you save $5 each week, how much will you have in five weeks?
What is $25?
What card lets you take money out of your checking account?
What is a debit card?
On your birthday last year, you received $400. What should you do before buying anything?
What is make a plan?
You only have money for one thing. Which is a need: movie ticket or notebook for school?
What is a notebook?
Why is saving money helpful?
What is to buy bigger things later or for emergencies?
You buy a toy for $9 and give the cashier $20. How much change should you get?
What is $11?
What's the name for money you earn from the bank for saving?
What is interest?
You have a friend that always buys new shoes and has the latest designer clothes, but you save your money. Who makes the smart choices?
What is you?
Which of these is a want? A) Water, B) Shelter, or C) Ice Cream
What is ice cream?
You want a $60 game and have $30. What should you do?
What is save more money?
In one month, you spend $85 on candy, $28 on a drink, and $150 on books. How much did you spend total?
What is $263?
What does ATM stand for?
What is automated teller machine?
You make $250 a week but spend $260 a week, what is the problem?
What is you spend more than you earn?
You have $20. You can buy a new video game, a warm coat, or your school supplies. Which ones are needs and which one is a want?
What are the coat and school supplies (needs), and the video game (want)?
You earn $10. You save 30% of it. How much did you save?
What is $3?
You want to buy a $300 bike. If you save for ten weeks, how much do you need to save each week?
What is $30?
What's the difference between a checking and savings account?
What is everyday spending re: checking? And, what is saving money for later re: savings?
What are 2 ways to be smart with money?
What is saving? And what is planning before you spend?