Spending & Saving

What does scarcity mean?

• Having more money than you need

• Having everything you want

• Wanting more than you can have

• Not wanting anything at all

Why do we usually buy things we need before things we want?

• Because needs are more fun

• Because needs are more important

• Because wants are healthier

• Because wants are cheaper

What is one benefit of saving your money?

• You will never have to make choices

• You will have less money in the future

• You can afford something more expensive later

• You can buy something right away

If you have $5, what is one thing you might consider?

• Buying something you don't like

• Spending it all on candy

• Saving it for a bigger toy

• Giving it away immediately

What should you think about when deciding to spend or save?

• The weather outside

• The color of the money

• How much your friends are spending

• The benefits and costs of each choice