Personal Financial Literacy 1st grade

What is income?

• $$$ spent

• $$$ earned

What is saving?

• spending money

• saving money

What is spending?

• saving money

• using money to buy a want or need

What is a want?

• Something you need

• Something you don't need but want

What is a need?

• Something you need to survive

• Something you want

Shelter, water, air, and clothes are all....

• wants

• needs

A toy is a...

• want

• need

Buying McDonald's is an example of...

• saving

• spending

Donating old clothes or toys is an example of...

• charity

• spending

Is donating stuff or money for charity good or bad?

• Good

• Bad