Jessie is saving up for a soccer ball. If Jessie gets a weekly allowance of $5, how long will it take him to save enough money for a ball that costs $35?
7 weeks
1 month and 3 weeks
I need $15 for a birthday present, but I only have $12. What can I do to be able to afford the present I really want to buy?
Look for a sale on the present so you can buy it for less money
Decide on a different present that costs less
Find a way to make $3
Elena's friends have all decided to buy expensive outfits for the first day of school. Elena doesn't have enough money to buy what her friends have, but she still wants to look nice. What can she do?
Wear something nice that she already has
Buy one new item, like a new shirt, that she can wear with clothes she already has
Look for a sale
Buy quality, used clothing that looks good but doesn't cost a lot
Jen never seems to have any money, but she wants to go to on a trip to Disneyland. What is one thing she could do to help her save up for her trip?
Spend less money on things that she buys
Choose not to spend money on things she doesn't need
Get a job so she can save money
Austin is sitting outside of the grocery store, waiting for his mom. A man Austin has seen before walks over and asks Austin if he has change for a $5 bill.
Austin does have five, $1 bills in his pocket. What should he do?
Austin should say, "I'm sorry, I don't have any money," and go find his mom in the store.
NEVER talk to people you don't know, and NEVER take money out of your pocket, wallet, or purse if someone you don't know asks you to.
Gabriel is buying lunch for $3.50 and a drink for $1.00. If he has a five dollar bill, how much change should he get back?
50 cents
If I have $10 and I buy two milkshakes that cost $4.00 each, how much money will I have left?
$2
I just sold a cupcake for $1.45. The person buying the cupcake gave me $2.
What combination of coins will make the correct change to give back to the cupcake buyer?
2 quarters, 1 nickle
5 dimes, 1 nickle
3 dimes, 4 nickles, and 5 pennies
Sal wants to buy a book for $8.25. What combination of paper money and coins will he need to make his purchase?
One $5 bill, three $1 bills, and one quarter (or two dimes and a nickle, or 5 nickles, or 25 pennies).
Kesia buys a new pair of shoes for $43.30. She gives the cashier $45.05. What will her change be?
$1.75
It's what you do when you put money aside for something you want to buy in the future.
Saving or Save Money
The opposite of save.
Spend
One way to save money is to ____________ ______________ on things that you buy.
Spend Less
Name one good way to save money.
Spend less on the things you buy.
Choose not to spend money.
Buy good quality things that last a long time.
Put your money in a savings account.
When is the best time to start saving money?
When you are young - right now!
Put your money in one of these and it can never get lost or stolen.
Savings Account
This free money is paid to you for keeping your money in a savings account.
Interest
Two places where you can open a savings account?
Credit Unions and Banks
When is the best time to start saving money?
When you are young!
When your money is in a savings account, what is it protected from?
Loss
Theft
Destruction
YOU - it's easy to spend money in your wallet, but it's harder to spend money that's in a savings account
When you buy something of value that you hope to sell in the future for more than you paid for it.
Investing
Investment
When you invest in a company, you are buying a piece of that company called a ___________.
Share
Share of Stock
True or False?
The money you invest is insured, so you are guaranteed to get it back.
False
How old do you have to be to invest money?
At least 18 years old
True or False?
Millionaires usually buy very expensive cars, live in big houses, and wear the best clothes and shoes.
False.
Most millionaires have a lot of money because they have saved it. Millionaires usually drive used cars, live in comfortable houses, and wear the same kinds of clothes that you and I wear.