75 exercises and keys for your child to understand how money works
Let your child learn to differentiate between the value and the cost of things, discover how to start earning, saving and investing money, which expenses are necessary and which are not, how to help in the family economy and much, much more.
This book is a help for your child to develop their financial mindset and start creating their own economy. From filling their piggy bank, through small jobs, the secrets of saving and how to control their expenses, to learning how to manage their money and understand the importance of investing.
You will like this book because your child will learn more about:
- What is money and how to get it?
- The differences between need and desire
- Value-added, the money cycle, smart shopping
- How to make money, save and invest
- How to differentiate between the value and the cost of something
- Ways to spend wisely
- The value of time
And much more valuable information!
Join your child in his or her financial education and create financial abundance together!
Table of Content
Introduction
Message to parents and/or responsible adult
What is financial education?
Financial education tools
Identify the naughty goblins
What is money?
Goods and services you can buy with money
How do you earn money?
What is your dream job?
Choose a profession
Differentiating needs from wishes
Differences between what it costs and what it is worth
Be clear about expenses
Compares values
Desire or need?
Recognize your mood before spending money
Beware of Misleading Marketing and Advertising
Manage your own money
Increase your income
Multiply your money
Save
Compound interest
What does it mean to have capital?
Your word is a contract
Expenditure/Investment
Expenses/Savings
Expenditure/Need
Expenses/Expenses
Decide what to spend your time on
Decide where to spend your money
The added value
Buy low and sell high
Personal income and expenses
Define your financial goals and objectives
Making a plan
The time value of money
Smart shopping
Benefit coupons
Money cycle
What can money buy and what can’t?
What is economizing?
What is equity?
What is a bank?
Incurred expenses
Selling and buying
Financial skills
Financial habits
Responsible consumer
Donation
Money is limited
Saving for contingencies
Debts
Retreat
Budget
Invest your savings
Make your household shopping list
Exercise patience
Respecting the budget
Cost and change
Cooking your products
Be an energy knight
What is the economy?
Renting: another type of business
What is inflation?
What is a mortgage?
What it means to undertake
What are shares?
What are bonds?
What is the stock market?
What is impact investing?
The richest person in the world today
Contract for receipt of allowance
Contract for domestic services
Savings premium contract
Contract for use of kitchen
Loan agreement
Electricity savings contract
Benefit coupons
Labels for your glass jars
Final exam
Child graduate in basic financial education
Correct answer guide
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