Savings and Spending

What do many people earn money by doing?

• Selling goods

• Playing games

• Watching TV

• Eating food

What does scarcity mean?

• You have everything you want

• You want more than you can have

• You can buy anything for free

• You spend money on toys

What should you buy first according to the video?

• Cupcake

• Healthy lunch

• New toy

• Video game

When you save your money, what do you need to do?

• Spend it right away

• Wait longer to buy something

• Give it away

• Hide it from everyone

What might you want to buy if you have five dollars?

• A new car

• An ice cream sundae

What do we call the choices we make about spending and saving?

• Benefits

• Costs

• Pros and cons

• Wants

What happens when you spend your money right away?

• You can buy something big

• You might not have much left for other things

• You save more money

• You get a free gift

What can happen when you save your money?

• You can afford something more expensive

• You lose your money

• You have to give it away

• You can't buy anything

What is one example of something you might need to buy?

• A cupcake

• A healthy lunch

• A new toy

• A video game

What does the video encourage you to think about when spending or saving?

• Who to spend with

• The benefits and costs of your choices

• How to spend all your money

• How to earn more money