Saving & Spending: Economics for Kids

According to the video, how do many people earn money? 

• Many people earn money by playing video games. 

• Many people earn money by working. 

What are 2 ways people earn money?

• Sell goods 

• Play video games

• Perform services

We should always buy the things we want before we buy the things we need. 

• True

• False

Sometimes we have to choose between spending our money now, or saving it for later. 

• True

• False

All of the choices we make about spending and saving have benefits and costs. 

• True

• False

If you spend your money right away, you might have to buy something small and then you might not have much money left for other things. 

• True

• False

When you save money, you might have to wait longer, but you can buy something more expensive. 

• True

• False