Earning and Saving Money Concepts

Miss Webb introduces the topic of money in social studies, explaining its use, denominations, and the difference between needs and wants. She discusses how money is earned through jobs and the importance of saving. An activity is provided where students list ways to earn money and determine pricing for goods or services. The video concludes with a wrap-up and a preview of future lessons.

What is the value of a quarter?

• 1 dollar

• 50 cents

• 25 cents

• 10 cents

Why do people spend money?

• To save for the future

• To collect coins

• To show off wealth

• To buy things they want or need

What is the difference between a need and a want?

• A need is a luxury, a want is a necessity

• A need is expensive, a want is cheap

• A need is essential for living, a want is for enjoyment

• A need is for fun, a want is for survival

How can someone earn money?

• By providing a service or having a job

• By doing nothing

• By saving money

• By spending money

Which profession was NOT mentioned as a way to earn money?

• Teacher

• Chef

• Engineer

• Doctor

Why is saving money important?

• To buy things immediately

• To have money for future needs or wants

• To avoid spending

• To lend to others

What is an example of something you might save money for?

• All of the above

• A video game

• A trip to the beach

• A new toy

What is the first step in the activity to think of ways to earn money?

• Write down prices

• Ask a friend for ideas

• Fold a sheet of paper into three sections

• Draw a picture

What should students do after writing their three ideas for earning money?

• Throw the paper away

• Share with friends and family

• Keep it a secret

• Submit it to the teacher

What is the purpose of the activity shared in the video?

• To understand the value of coins

• To learn how to spend money

• To practice drawing

• To think of creative ways to earn money