Smart Spending Challenge

Front

What is a need?

Back

A need is a basic requirement essential for survival or well-being.

Front

What is a want?

Back

A want is a non-essential desire or wish.

Front

Which of the following is considered a basic necessity: water or video games?

Back

water

Front

If you have $20, which of these would be a smart purchase: a new shirt for $15 or a snack for $5?

Back

a new shirt for $15

Front

How can comparing prices help you save money?

Back

Comparing prices helps you save money by finding the best deals and avoiding overpaying.

Front

If two stores sell the same item, how should you decide where to buy it?

Back

Choose the store with the best price, service, and convenience.

Front

Why is it important to distinguish between needs and wants?

Back

It is important to distinguish between needs and wants to prioritize resources and make informed decisions.

Front

If you want to buy a toy that costs $30 but you only have $20, what should you do?

Back

Save or find an additional $10.

Front

What is one way to save money when shopping?

Back

Use coupons or discount codes.

Front

How can making a budget help you with smart spending?

Back

A budget enables you to manage your finances effectively, leading to smarter spending choices.