Key Vocabulary
spend
to give money to someone else to get goods or service. pay by cash or credit card.
save
not to spend money and keep it for later.
cost
the amount of money that you have to pay to get or do something How much does it cost? price tag. It costs too much.
item
one thing that is part of a list or set. menu item.
grocery
a store where you can buy food or other goods.
bank
a safe place where you can save or borrow money. open a bank account. deposit. withdraw/withdrawal. interest.
shopping list
a list of things that you need to buy. check off the item.
piggy bank
a pig-shaped money box that children save coin in.
Exercise
Match each word with its definition:
- one thing that is part of a list or set. (item)
- not to spend money and keep it for later. (save)
- a store where you can buy food or other goods. (grocery)
- a safe place where you can save or borrow money. (bank)
- the amount of money that you have to pay to get or do something. (cost)
- to give money to someone else to get goods or service. (spend)
Making Choices.
You can’t buy everything you want. If you want to buy things, you should make choices by looking at the cost of things.
True of False
| Statement | True or False |
|---|---|
| If you save money, you get goods from someone else | F |
| A grocery is a list of things. | F |
| A bank is a store where you can buy food. | F |
Reading passage
Spending and saving money is fun to learn about. If you want to buy food and other items, you must spend money. But before you go to a grocery store, you should make a shopping list. Write all the items you need or want to buy.
Then think if you really need or want them. You should make choices what to buy, because you do not always have enough money. You should choose goods after you look at their cost.
People spend money, and people also save money. You parents save their money in a bank. You can save your money in a piggy bank. You can save money to use later.
Reading skill
Classify
| Spend Money | Save Money |
|---|---|
| You should make a (shopping list) before you spend money. You should choose goods after you look at their (cost). | Your parents save their money in a (bank). You can save money to use (later). |
Comprehension
- What do you need to spend if you want to buy something? (money)
- Many people (spend and save) money.
- You should look at a good’s cost, (and then choose if you should buy it).
- Your parents can save their money in a bank, (and you can save yours in a piggy bank).
source
From American Textbook Reading Social Studies 12 39:30