Money Value
What does it mean if money is stronger?
It can buy more
You want to buy something next week. Is that a short-term or long-term goal?
Short-term
What is a bank?
A place to store and manage money
What is interest?
Extra money earned on savings
What are taxes?
Money people pay to the government
What does it mean if money is weaker?
It can buy less
You are saving for a car you want in a few years. What type of goal is this?
Long-term
What is a checking account used for?
Spending money
What is inflation?
Prices going up over time
What do taxes pay for?
Public services (schools, roads, etc.)
Does money always stay the same value?
No
You get $30. Which is the BEST choice?
A. Spend all of it
B. Save all of it
C. Save some and spend some
D. Ignore it
C. Save some and spend some
What is a savings account used for?
Storing money
Does interest help or hurt your money?
Helps
Name one specific thing taxes help pay for
Schools / roads / emergency services
What happens if prices increase but your money stays the same?
You can buy less
Why is saving money over time better than trying to buy something immediately without enough money?
It helps you afford it without running out of money or making bad decisions
Which account helps your money grow?
Savings account
Does inflation help or hurt your money’s buying power?
Hurts
What is the Federal Reserve?
The central bank that helps manage the economy
Why might money change value?
Economic changes / supply and demand
How does setting a long-term goal help you make better daily spending decisions?
It encourages you to save and avoid unnecessary spending
Why do people use banks instead of keeping money at home?
Safety and organization
Which is better for you: high interest or high inflation?
High interest
What is one thing the government or the Federal Reserve can do to help the economy?
Control interest rates