“If you had $20 right now, what would you do with it?"
context about th pic at hand
Its not about how much. Its about the choice.
What you'll learn today
1. Needs vs Wants
2. Budgeting
3. The three ways to use money
What is a budget? A budget is a way to keep track of your money coming in and out. Every Budget tracks the 2 types of spending.
NEEDS
WANTS
Things you have to spend money on
NEEDS
Expenses required to live and function in everyday life - Rent - Transportation - Phone bill - Food Think of 3 needs that you have...
WANTS
Not bad... but needs a limit
Optional spending that makes you happy - Dunkin Donuts - Nike Sneakers - Chipotle - Spotify Premium Think of your own wants?
We call wants discretionary spending
Saving-Goals
If you skip this, budgets will feel pointless...
Money set aside for future wants/needs - Dream Sneakers - Trendy Water Bottle - College Fees - Emergencies - Car - Trip What is one thing you would save for?
Most people don’t run out of money because they don’t have enough. They run out because they don’t have a plan.”
Now lets build a budget
If spend $50,what are you giving up later?
A budget helps you be intentional with where your money goes. It helps you avoid spending too much and makes sure your needs are covered.
$30 Needs
$10 Wants
$10 Save/Goals
- Save so that when you want to spend on wants in the future, you will have the funds
- Lunch - School Supplied - Clothes - Family
- Ice cream - Dunkin Donuts - New Basketball
You can spend all of it on wants. But the catch is... every dollar you spend is a dollar you can't spend on something else We call these decisions trade-offs
The three ways to use money... 3 ways.
Spend
Save
Invest
The forms of spending: - Needs - Wants
Keep money safe for bigger goals later
Make your money grow over time on its own (entire lesson dedicated to this later in the summer)
Find: Spending (needs & wants) Saving (goals)
Class Activity: The $100 Budget Challenge
You get $100
Decide: spend or save
Make a budget of your needs & wants
Share your choices
+ Key!
Fun Fact!
If you save $10 per week, you would have $520 by the end of one year!! Money Matters
Money Matters
Rachel Khoury
Created on January 6, 2026
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Transcript
Money Matters
Personal Financial Literacy
By: Miss. Rachel
Todays Topic : Money Basics
“If you had $20 right now, what would you do with it?"
context about th pic at hand
Its not about how much. Its about the choice.
What you'll learn today
1. Needs vs Wants
2. Budgeting
3. The three ways to use money
What is a budget? A budget is a way to keep track of your money coming in and out. Every Budget tracks the 2 types of spending.
NEEDS
WANTS
Things you have to spend money on
NEEDS
Expenses required to live and function in everyday life - Rent - Transportation - Phone bill - Food Think of 3 needs that you have...
WANTS
Not bad... but needs a limit
Optional spending that makes you happy - Dunkin Donuts - Nike Sneakers - Chipotle - Spotify Premium Think of your own wants?
We call wants discretionary spending
Saving-Goals
If you skip this, budgets will feel pointless...
Money set aside for future wants/needs - Dream Sneakers - Trendy Water Bottle - College Fees - Emergencies - Car - Trip What is one thing you would save for?
Most people don’t run out of money because they don’t have enough. They run out because they don’t have a plan.”
Now lets build a budget
If spend $50,what are you giving up later?
A budget helps you be intentional with where your money goes. It helps you avoid spending too much and makes sure your needs are covered.
$30 Needs
$10 Wants
$10 Save/Goals
- Save so that when you want to spend on wants in the future, you will have the funds
- Lunch - School Supplied - Clothes - Family
- Ice cream - Dunkin Donuts - New Basketball
You can spend all of it on wants. But the catch is... every dollar you spend is a dollar you can't spend on something else We call these decisions trade-offs
The three ways to use money... 3 ways.
Spend
Save
Invest
The forms of spending: - Needs - Wants
Keep money safe for bigger goals later
Make your money grow over time on its own (entire lesson dedicated to this later in the summer)
Find: Spending (needs & wants) Saving (goals)
Class Activity: The $100 Budget Challenge
+ Key!
Fun Fact!
If you save $10 per week, you would have $520 by the end of one year!! Money Matters