Needs vs Wants
What do you need to drink every day to stay healthy?
Water
comparing prices before buying can help you save?
Money
Money set aside for the future is called:
Savings
You earn $20 and want a $60 item. What should you do?
What monthly payment helps you have a place to live.
rent
what is something you need to get to work or school?
Transportation
buying something without thinking it through is an example of an _________ purchase.
impulse
Saving for a car is an example of a financial _______.
Goal
You forgot to budget for gas. What might happen?
you might not have enough gas for your required transportation.
What allows you to call, text, and use apps.
cell phone / phone plan
A new video game is usually considered a?
want
You have $50 than spend $40 how much is left?
$10
Name one reason people save money.
emergencies, college, housing, car etc.
Your phone breaks and costs $100 to replace. Is this a planned or unexpected expense?
unplanned
Which comes first: paying bills or buying entertainment?
paying bills
rent, food and electricity are examples of:
Needs
if 2 stores sell the same item, what should you do before buying?
compare prices.
True or False: Saving even small amounts of money can help over time.
True
You receive an extra $100 from working more hours. What's one smart use for it?
save it, pay bills, or contribute to a goal.
Why do adults create budgets?
to plan spending and avoid running out of money?
If you can only afford 1, should you buy groceries or concert tickets?
Groceries
why is it important to think before spending money?
to make better financial decisions.
What type of fund helps when an unexpected expense happens?
Emergency
Your friends want to spend money, but you're saving for something important. What should you do?
stick to my goal/budget
Name one expense most adults pay every month
rent, utilities, food, transportation, phone bill, insurance etc.