Value of a Dollar
What is money used for?
Buying things, Trading, Saving
What is a budget?
A plan for spending and saving money
Why is important to save money?
To save on big things and prepare for things we have to pay for
I'm looking at two things I want to buy, but can only buy one. What is something I can look at to compare and make a decision?
Prices, Reviews, Need vs Want
This person is on the $1 Bill and the Quarter
George Washington
How many pennies are in 3 quarters?
75
3 quarters = 75 cents
What does "income" mean?
Money you earn or receive
What is a "savings goal"?
Something you are saving for
What does "Need vs Want" mean? What should come first?
Asking if what you are buying is something you need (water, food, etc.) or something you want (video games, toys, etc.)
Needs come first.
As of 2025, this person is the wealthiest person in the world.
Elon Musk
How much does a movie ticket typically cost?
(Closest team gets the points)
$12
What does "expense" mean?
Money that you spent
What is "debt"?
How much you owe somebody
I'm trying to figure out if I should buy a certain thing that's $60. I see an ad for the thing, then immediately buy it without question.
Was this a smart decision? Why?
No. I didn't try comparing prices with similar things, didn't make a plan to buy it, made an impulse decision.
This person has his own musical and is on the $10 Bill
Alexander Hamilton (or Hamilton)
Everyone wants to buy the latest Playstation 5, but Sony is running out of Playstations to give out.
What will happen to the price?
It'll go up
Describe a financial goal
A plan to save and spend wisely over time, to reach a goal.
What is "interest"?
How much someone (or you) pay someone for borrowing money?
What are some ways you can save money when shopping?
Using coupons, comparing prices, buying store-brand
Types of money like Bitcoin and Dogecoin, that are only digital is called what?
Cryptocurrency
What is a "Medium of Exchange"?
Something that is used to buy something else
(Example: Money is used for buying things)
What does "balancing a budget" mean?
Making sure that your expenses aren't more than your income
(Making sure you aren't spending money that you don't have)
Why would someone ask for interest?
Let's say you ask to borrow $100 from someone, but they ask that you give them back $105 when you can pay them back. Why ask for the extra $5?
The $5 is for doing you a favor.
You may have paid back the $100, but they willingly loaned you the money. Interest is the cost for borrowing money
What is "Impulse Buying"?
Buying something on a whim without question. Buying something without planning on it.
This country invented paper money long ago in 7th Century
China