Saving Budgeting and Spending

Keeping track of what you earn, spend, and save are the key parts of a _____.

• monthly allowance

• investment strategy

• paycheck

• budget

Tracking your spending can help you _____.

• spend more money

• make good decisions

• know where your money is being spent

• spend less money

Why is it important to save money?

• to waste it

• to be prepared for future needs

• to buy useless items

Why is saving money important?

• Saving money can help you meet goals

• It’s important to show off how much money you have.

• It’s important to fill your money jar.

• Saving money is important for spending

Which item would most likely require savings?

• soccer ball

• a new refrigerator

• a movie ticket

• a box of cookies

Justin's mom puts most of her income in the bank. Which BEST describes Justin's mom?

• Saver

• Spender

What do people give up when they save money?

• Opportunity to buy things now

• Room with a view of the lake

• Sailing lessons with a professional

• A seat next to a cousin at dinner

What helps us know how much money to save for things we want and need?

• The newspaper

• Setting goals

•  A calculator

• Banks

Money put away to save or to spend at a later time is called-

• Money

• Credit

• Savings

Which of these is an example of saving money?

• putting $10 in a bank

• buying a sandwich for $6

• walking around a toy store

• selling your old jeans for $5