Fun with Money Basics

What is a budget?

• A plan for spending and saving money

• A type of bank account

• A shopping list

• $7

• $3

• $10

Which of the following is a need?

• A new toy

• Food

• A video game

If you save $2 every week, how much will you have saved after 4 weeks?

• $6

• $8

• $10

What is the difference between needs and wants?

• Needs are things you must have to live, wants are things you would like to have

• Needs are things you would like to have, wants are things you must have to live

• Needs and wants are the same

• 2%

• 5%

• 10%

Which is a good way to save money?

• Spend all your money on toys

• Put some money in a piggy bank

• Buy candy every day

• $10

• $5

• $20

What is simple interest?

• Money you earn on your savings

• Money you pay for borrowing

• Money you find on the street

• $8

• $12

• $20