Spending & Saving Money

Which of these is a want?

• food
• house
• clothes
• art supplies

Which of these is a need?

• camera
• scooter
• movies

• Water

What happens if you spend all your money on wants?

• You won't have enough money for your needs to survive.
• You are being responsible.

• No one cares how you spend your money.

Video games, a candy bar, and ice cream are all . . . 

• needs
• wants

Why do people save money?

• To buy things now.

•  They want to give it away.
• To spend money.
• So they can pay for things in the future.

Which of these is NOT an example of saving money?

• Putting your allowance in a piggy bank.

• Putting your extra income into the bank.

• Giving all of your extra money to a friend.

What is a want?

• Something you need in order to survive.
• Something fun but not needed.
• Money that you earn by doing a job.

• Something taken from you.

What is a need?

• Something we need in order to survive.
• Something fun.
• Money we earn by doing a job.

• Something taken from you.

Why do people need jobs?

• because they are bored
• to earn money for needs and wants
• because kids are in school all day
• to volunteer

To use money to pay for something is...

• spending

• cost

• deposit

• income