Economic Choices — Answer Key
Part A: Sort the Words
Sort each word or number into the correct category box.
1. Sort each money action into Saving or Spending.
Saving
Putting coins in a piggy bankAdding money to a bank accountKeeping birthday money in a jarSaving part of your allowance Spending
Buying a candy bar at the storeGetting an ice cream conePaying for a new toyBuying stickers at the shop Saving holds money safely for future needs. Spending uses money right now to buy things you want or need today.
Part B: Fill in the Blank
Write the missing word or number on each line.
1. When you keep money for later, you are saving it.
Saving means setting money aside so you have it to use another day.
2. A piggy bank is a small container where kids can save coins.
A piggy bank is a simple first place children use to save coins safely.
3. Using your money to buy something right now is called spending.
Spending is trading money for a good or service you want today.
4. Grown-ups often save money in a savings account at the bank.
A savings account stores money at a bank and can even add a little extra over time.
5. If you save a little each week, your money will grow bigger.
Saving a bit at a time makes the total amount grow larger week by week.
Part C: True or False?
Read each statement. Circle True or False.
1. Putting money in a piggy bank is saving.
True False
A piggy bank holds money safely so you can use it another day, which is saving.
2. Buying a toy today is an example of saving.
True False
Buying a toy uses money right now, so it is spending, not saving.
3. People can save money at a bank.
True False
Banks hold money in savings accounts so it stays safe until the owner needs it.
4. If you spend all your money, you still have some left.
True False
Spending all your money means none is left over, so you cannot use more until you get more.