Hello my wonderful Grade 5 superstar! 👋
I'm Kashef and today we're learning about Income and Expenses! Income is money that comes in (like allowance or gifts). Expenses are money that goes out (like buying snacks or toys). When you understand both, you can make smart choices and even save money! Ready to become a money manager? Let’s go! 🚀
💵 What is Income?
Income is money you receive.
✅ Birthday or Eid money
✅ Earnings from chores or lemonade stand
✅ Gifts from family
🛒 What are Expenses?
Expenses are money you spend.
❌ Toys or games
❌ School supplies
❌ Gifts for others
📊 Income – Expenses = What’s Left
Example:
You get $20 allowance (Income)
You spend $8 on snacks + $5 on a toy = $13 (Expenses)
Money left = $20 – $13 = $7 (you can save it!)
🎯 Let’s Practice Income and Expenses!
1. You receive $15 for your birthday. You buy a book for $9 and ice cream for $4. How much money is left?
2. Your weekly allowance is $12. You spend $3 on stickers and $6 on a game. Do you have money left? How much?
3. If your income is $25 and expenses are $18, what should you do with the extra money?
🌍 Income and Expenses in Real Life
🏠 Family budget (parents’ income and bills)
🎒 Your own allowance and choices
🛍️ Deciding if you can afford a new toy
💰 Learning to save for something big
🧪 Quick Income & Expenses Quiz
Question: You get $20 income and spend $14. How much is left?
You are a Smart Money Manager! 🎉🥳
Kashef is super proud of you! You now understand income, expenses, and how to keep track of your money.
Making good choices with money now will help you your whole life — you're already on the right path!