9 Money ManagementEvery family must manage their money, whether they have a lot or a little.As children grow older, they can help the family in many ways to use its money wisely.
10 How can children help? No Wasting Helping at Home Money Food ElectricityWaterCutting couponsHelping at the grocery storeEarning $ by doing choresTaking out the trashMaking bedsWashing dishes
11 Children often receive an allowance from their parents. An allowance is a certain amount of money, usually given weekly to children. The children can then use this money to buy items they want. Some children act wisely and save part of each week’s allowance. Many times children must do chores to receive their allowance.
12 Three Division Method Spend some money. 2. Save some money. One good idea on how to use an allowance is to use the Three Division Method.Spend some money.2. Save some money.3. Share some money.
13 How can you save some money? Piggy BankBank (an actual banking institution)
14 What can you save money for? A special dayBirthdayChristmasSummer VacationEducationIt is never too early to being saving for college.A special itemBikeSkateboardVideo Game SystemIpod
15 Your parents can help you set a goal for saving and determine how long it will take to reach your goal.+SAVING!=Ex. A bike may cost $ If you save $5.00 a week, it will take 20 weeks to pay for the bike!
16 Sharing your moneySharing your hard earned money or allowance may be difficult, but you feel “really good” when you help someone who needs money to buy food or clothing.
17 How can we share? Give part of our money to those in need. Donate at church.Donate our used toys/clothing to organizations like Goodwill and Salvation Army.
18 Making wise choices about your money is a BIG RESPONSIBILITY Making wise choices about your money is a BIG RESPONSIBILITY. Learning to make good decisions by talking and planning with your parents only makes good sense because we all know…