Dinosaurs and all that rubbish - MONEY! - Operetta 2018

Financial Literacy - Get Wise

Financial Literacy

Ways to earn money for the kids, at their age.

Business Plan: what am I going to do? 5 step business plan.
1: Idea or name
2: Cost, what do you need? what will be free, cost you, or borrow.
3: Price
4: Profit
5: Where? Going somewhere, where is the best place to sell your product and why?

Interest (bank gives you free money)
In a bank the money does not just sit there (compared to saving in a money box or under the bed). Its moves and increases over time.
They give the free money because they 'use your money'. They keep your money safe and use your money for loans, invest in things etc, so they provide us with interest as a basic thank you for allowing them to do that.
The more money you have the bigger the interest is. (Small boost)

Budgeting - Needs and wants
Taking away the things you absolutely need from your income and see what you end up with.
- Find ways you can save money and shuffle things around.