FINANCE 101 for Kids
In Finance 101 for Kids, children and parents will explore:
How money started
How to earn and make money
Saving and investing
What credit is and the dangers of mishandling credit
What the stock market is
Economic forces that can affect personal finance
What currencies and foreign exchanges are
The importance of giving back to the community
Excerpts
Chapter 1: What Is Finance?
I love to teach about money because money is valuable and useful. It has become an important part of our everyday lives. Money enables us to buy goods like video games, clothes, books, and smartphones. Many people enjoy shopping. With money, you can buy many of the things you want.
Chapter 5: Introduction to Credit
C. The Not So Great Things About Credit
Even though credit benefits a lot of people, credit can also be harmful. Remember that everything you buy with credit has to be repaid with interest at some time in the future. That time in the future is specific, not just anytime you want to pay it back; there are deadlines. Not using credit correctly can cause a situation in which debts get too big and out of control.