Planning Our Money

What is money?

• A medium of exchange.

• A medium of food.

• A medium of buildings.

• A medium of plants.

We use money to buy things.

• True

• False

We use money to buy groceries, books anf clothes.

• True

• False

We use money to pay rents and bills.

• True

• False

We use money to take a vacation.

• True

• False

Draw something you would like to buy if you have $50.

What is barter?

• Barter is the act of exchanging things using money.

• Barter is the act of exchanging things without using money.

Where does money come from?

(You can pick more than ONE answer)

• Pocket money and allowance

• Pick up from the trees

• From doing activities such as helping others and selling things

• Fall from the sky

• Gifts from others such as Hari Raya or Birthday.

Budgeting means spending all of your money in one day.

• True

• False

What is budgeting?

• Keeping up with the leaves on the trees

• Keeping track of the sheep in the farm

• Keeping track of exactly how much money is earned and spent