Financial Literacy: Spending and Saving: Making Choices

Mia has $5. She can buy a notebook for school for $3 or a toy ring for $3. The notebook is needed for class tomorrow. Which choice should Mia make first, and why?

Jay earns $2 each week for helping at home. He wants to save $8 for a soccer ball. How many weeks will Jay need to save if he saves all of his money each week?

Circle the items that are needs: winter coat, candy bar, toothbrush, video game, lunch.

Lena has $10. She wants a book that costs $6 and stickers that cost $4. Can she buy both items? Explain your answer.

Aiden has $7. He can spend $5 on a toy car today, or he can save the $5 toward a $12 art set. What is one good reason to save the money instead of spending it today?

Look at this money plan: Save $3, Spend $2, Give $1. How much money does the plan use in all?

Sofia wants a jump rope that costs $9. She has already saved $4. How much more money does she need to save?

Ben gets $6 for his birthday. He spends $2 on a snack. How much money does Ben have left?

Nora sees a puzzle for $8. She has $8, but she is also saving for a bike bell that costs $10. If she buys the puzzle, how much money will she have left for the bike bell?

A class is collecting coins for a field trip. Sam brings 3 quarters. Each quarter is worth 25 cents. How many cents did Sam bring?

Which choice shows saving? Choice A: Kim puts $4 in her piggy bank. Choice B: Kim spends $4 on gum. Explain your answer.

Eli has $12. His money plan is to save half and spend half. How much should Eli save, and how much should he spend?

Grace wants to buy crayons for $3 and a small toy for $5. She has $6. Which item can she buy now without borrowing money? Explain.

Marcus saves $1 on Monday, $1 on Tuesday, $2 on Wednesday, and $2 on Thursday. How much did he save in all?

Tara has $9. She needs socks for $4 and wants a comic book for $6. Can she buy both? What is a smart choice?