Social Studies Grade 5 PDF

Social Studies Grade 5 Our economic resources and Wealth Budget- a plan outlining the sources and amount of income is to be spend over a period. Thrift- The wise spending and saving of money. Ways to practice thrifting. Making a budget Identifying the amount to be saved Differentiating between wants...

Social Studies Grade 5 Our economic resources and Wealth Budget- a plan outlining the sources and amount of income is to be spend over a period. Thrift- The wise spending and saving of money. Ways to practice thrifting. Making a budget Identifying the amount to be saved Differentiating between wants and needs. Conserving and recycling Shopping wisely by comparing prices Do not buy because it is cheap Finding items on salet take a list and calculator buy in bulk Avoid impulsive buying Buy used items wisely look for warranties, quantities, and deals Importance of budgeting practicing thrift helps to save money to buy the things you need without the extra expenses. keep you out of debt a savings account leads to greater credit standing feel of security/peace of mind