Saving and Spending

Front

Why do people need jobs?

Back

To earn money for needs and wants.

Front

What is a need?

Back

Something we need in order to survive.

Front

To set money aside or put it in the bank is an example of...

Back

Saving.

Front

Something you have to have such as food or water.

Back

Needs.

Front

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

Back

Wants.

Front

What is a want?

Back

Something we would like to have but do not need to survive.

Front

What is income?

Back

Money that you earn from working.

Front

What does it mean to spend money?

Back

To use money to buy things.

Front

What is a budget?

Back

A plan for how to spend and save money.

Front

What is the difference between needs and wants?

Back

Needs are essential for survival; wants are things we desire.