Spending Economic Choices
Spending means using money to pay for goods or services. Spending your money carefully takes thought. There are many choices to make. People must choose where to spend their money. They also must choose how much they are willing to pay. The goods and services we need and want do not always cost the same. For example, not all shoes cost the same amount. Responsible people make wise decisions about spending their money.
What would you like to save money for?
Saving Saving is keeping some of your money for the future. When you save money, you must decide where to keep it safe. Many
people save money in a bank or credit union. This helps them to save up for something expensive. For example, people might save money for a vacation, house, or car. Sometimes we only need to save for a short amount of time. You can save money at home in a piggy bank, wallet, or safe. This works to save for less expensive things, like a new toy or shirt.
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