How much do I need
How much do I have
Explain like I am 5
Basics
Needs and Wants
200

DAILY DOUBLE

William bought a pair of Nike's for $119.99. 

How much should he give the cashier? Round up!!

$120.00

200

As I walked down the street, I found $1. I took a few steps and found $10 more dollars. Then I went home and my mom gave me $20 dollars. How much money do I have?

1+10+20= ? 

31

200

DAILY DOUBLE

Goal

a bar you set for yourself in which you would like to achieve in the future

200

What you pay to a landlord or bank/lender for the place where you live

Rent or mortgage

200

Designer Brand Makeup/Clothing

Want

300

Mrs. Merritt bought a video system and a game for $459.00 

How much should she give the cashier? 

$460.00

300

DAILY DOUBLE

I have $20 dollars and I found $1 and $5 when I was doing laundry. How much do I have now?

$26

300

committment

Something you are going to do and achieve no matter what

300

Something that you would like to buy but can live without.

a want or luxury

300

A tattoo

want

400


Kaitlyn bought a shirt for $17.65. 

How much should she give the cashier? Round up!!

$18.00

400

Jacob went to the store and bought a giant snickers bar for $3.30 and a pack of gum for $0.70. How much money did Jacob spend? 


$3.30 + $0.70 = ?

$4.00

400

adversity

a challenge or an obstacle that gets in the way of someone's mission or goal

400

DAILY DOUBLE

When you spend more than you earn or have saved up

Debt or living beyond your means

400

Groceries

need

500

Your parents give you $30.00 to go to the store to buy some items. The items come to $32.51. 

Do you have enough money?

Yes - No

No

500

Ms. Kim broke open her piggy bank. She had 10 dollars. She then checked her wallet and had 5 more dollars How much money does she have?


10 + 5 = ?

$15

500

DAILY DOUBLE

budget

A budget is a spending plan based on income and expenses.

500


Money spent on monthly necessities is called...

Fixed Cost or bills

500

Car Insurance

Need...Required in the state of Texas for all motor vehicles and licensed drivers by law.

600

DAILY DOUBLE

Earl bought flowers for his mom that cost $19.99.

How much should he give the cashier? Round up!!

$20.00

600

DAILY DOUBLE

Jim found 7 dollars in his jacket pocket, 4 dollars in his pants pocket, and 15 dollars in his wallet. How much money does Jim have?

7+4+15=?

$26

600

DAILY DOUBLE

Income

Money or funds that comes in for your personal use or bills

600

DAILY DOUBLE

money is taken away from your payslips from work or commissions 

Income tax

600

Netflix/Hulu/Disney+/AppleTV..

Want. You can survive without streaming services with free versions or other entertainment sources

700

Tyler went to the grocery store to buy snacks for movie night and his items totaled 24.50.

If he has .50 in change how many DOLLARS should he give the cashier?

25 dollars!

$25!

700

Add my money!

$12 + $15 + $22 + $10 + $14 = 

$73

700

bills

expenses that someone has to pay that is tied to the standard of living

700

You buy a pair of jeans that cost $18.00. You give the cashier $15.00 Is $15.00 enough money to pay for the jeans?

Yes - No

No! You need 3 more dollars!

700

money

need and want depends on your position