Three Jars for Money
Age 12 · Civics
Money you receive can be split between needs, wants and savings. Planning this split helps your spending stay within the money you have.
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In the picture
- The coin in the hand: the money you receive.
- The jar beside the lunchbox: money set aside for needs.
- The jar beside the toy car: money set aside for wants.
- The fullest jar beside the piggy bank: money set aside for savings.
Examples
- Pocket money can be divided into bus fare, a game, and savings.
- A birthday gift can be partly kept for snacks and partly put aside for later.
Key takeaways
- Needs come first, wants can wait, and savings protect future plans.
- A budget is a plan for money you already have, not a promise of more.
Quiz: Three Jars for Money (Age 12)
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What are the three parts that money you receive can be split between?
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Which idea about needs, wants and savings does the card teach?
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What does the card say a budget is?
The answers, each with its explanation, are in the app. This lesson has left the free week, so its quiz is part of the subscription.
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