Money Basics
📋 What it is
Financial literacy means understanding income, spending, saving and the difference between needs and wants.
🗣️ Coach says
Money has a simple shape: some comes IN (income), some goes OUT (spending), and the gap you keep is savings. Master that flow — and tell needs from wants — and you’re ahead of most adults.
🧠 Memory hook
IN – OUT = savings. Know needs vs wants.
😂 Giggle
I told my grocery list to be reasonable.
It said, "Organic snacks aren't cheap, and neither are my standards."
😲 Whoa!
People who write down where their money goes tend to save more — just tracking it changes how you spend.
✅ Quick check: In simple terms, how do you end up with savings?
Say your answer out loud first — then reveal.
By spending less than your income — the money left over (income minus spending) is your savings.
The income–spending–savings flow is the base of all money skills.
🧪 Try it! (2 minutes)
List three things you’d call “needs” and three you’d call “wants” — the line isn’t always obvious.