Money you earn by doing a job is called _____.

A budget is a plan for how to _____ your money.

Which is an example of spending money?

Which is an example of saving money?

A donation is money or goods given to _____.

Scarcity means there is _____ of something people want or need.

When you choose one thing instead of another, what you give up is called your _____.

A family hires Rosa and pays her wages to babysit every weekend. Rosa is a _____.

A person who buys goods or services is called a _____.

A person who starts and runs their own business is called an _____.

Needs are things people must have to survive. Wants are things people would like but do not need. A warm coat in winter is a _____.

Ms. Park works at a bakery and is paid for every hour she works. Her hourly pay is called a _____.

Mr. Chen repairs bicycles in his shop and customers pay him. How is Mr. Chen earning his income?

Aunt May bakes pies in her kitchen and sells them to neighbors. How does she earn her income?

A baker is paid to work at a bakery. Which kind of resource is the baker?

Marcus earns $6 walking dogs on Saturday and $7 walking dogs on Sunday. How much income did he earn in all?

People can earn income by working at a job or by running their own business.

An employer pays workers income. What do the workers give in return?

Maya puts $5 in her savings jar each week and does not spend it. How much has she saved after 4 weeks?

Kim has $25 in her savings jar and no money in her pocket. How much money does Kim have?

When a person borrows money, the person must pay it back.

Ben has saved $18. The scooter he wants costs $25. How much more does he need to save?

Why do many people save part of the income they earn?

Money kept in a savings account still belongs to the person who saved it.

Mom's budget does not have enough money for everything this month. What should she plan to pay for first?

Who decides what goes into a family's budget?

Mr. Lee writes down how much he can spend on groceries before he shops. How does this plan help him?

A budget lists the money a family earns as well as the money it plans to use.

Paying for a haircut is spending money on a service.

The Ruiz family earns less income this month than last month. What should they do with their budget?

A family's budget can set aside money for saving as well as money for spending.

In a family budget, what does the part planned for saving show?

Dad's budget plans $40 for groceries. He spends $35. What is a good choice for the money left over?

Jamal earns $20 babysitting. He spends $8 on a gift and saves the rest. How much does he save?

Nina's budget plans $15 for food and $10 for gas. How much money does her plan use in all?

Sam's budget has $30 planned for shoes. The shoes cost $22. How much of that money is left?

Ella has $9 left in her budget. A book costs $7 and a game costs $12. What fits her plan?

Ana and Ben each have $10. Ana buys a ball for $8. Ben finds the same ball at another store for $5. Who has more money left to save?

Ana can buy a puzzle or save toward a bike, but not both. She buys the puzzle. What is her opportunity cost?

Ivy plans $2 of her $10 allowance for the animal shelter. What is she doing with that $2?