Dwire+January+Social+Science+Week+4+Buy+Trade+and+Save

The last couple of weeks we talked about needs and wants, and also goods and services.

With needs and wants, we talked about being able to tell the difference between the things that we need vs. the things that we want. Can you give me an example of a need or want?



Have you ever had to make a choice between a need or a want?

__We also talked about goods and services and the difference between them.__ __Goods are things we buy or use.__ __Services are jobs people do to help others.__ __People work to buy goods and get services.__

__What are some things you like to spend money on? Is that a good or service?__

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This week, we are going to talk about something similar... but also a little different.

Buying, trading, and saving.

When you are ready to buy something, you find out how much money you have to spend. We do this because we have to have to make sure we have enough money for all the things that we need.

When your family shops, they look at the cost of things. The cost is how much money is needed to buy something.

People make buying choices by looking at the cost of things they want to buy.



We look at the cost of the things we need...



We look at the cost of the things we want...



When we are looking to buy goods or services, it's always important to look at the cost. This way we will be able to save for the things we need.



Was there ever a time when you had to look at the cost of something and make a tough choice of whether you could buy the item or not?

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__We don't always have to buy things though. Sometimes we can trade.__



__Sometimes people trade goods and services to get the things they want.__

__In school, you may like your friends cookies and she likes your popcorn. You could trade, or exchange, the popcorn for the cookies.__



__Do you think it is better to trade things or to buy things?__

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Sometimes there might be things we want AND things we need. When we are in this situation, we save to buy things we want. People also save money to help out in times of need or for emergencies. When we save money, we are putting it away and not spending it.



Why is it important to save money?

Are there things you are saving money for?