Level Up Your Financial Skills

Level 1: Lesson 3 – Understanding the Concept of Earning and Spending

Earning: Getting money in exchange for work or effort.
Spending: Using money to buy something.
Allowance: A small amount of money given regularly to a child by a parent or guardian.
Chores: Small tasks done around the house to help out.
Saving: Keeping money instead of spending it.
Piggy bank: A container to store saved money.
Savings account: A special account at a bank where money is safely kept and can grow over time.
Goal: Something you want to achieve or buy in the future.
Budget: A plan for how you will spend your money.
Responsible: Making smart choices with your money.
Earning
Spending
Allowance
Chores
Saving
Piggy bank
Savings account
Goal
Budget
Responsible
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Understanding earning and spending isn’t just about counting coins – it’s the secret power to building a happy, responsible life! Here’s why:

Goal Master

Earning feels like collecting building blocks for your dreams, whether it’s a new bike or a fun family trip. Spending those blocks wisely brings your dreams closer, like magically assembling that awesome toy!

Choices Champion

Knowing the value of what you earn lets you make smart choices with your “blocks.” You can compare, save, and spend strategically, feeling proud of building a happy financial castle!

Future Friend

Learning about earning and spending now is like planting seeds for a bright future. You’ll be prepared to manage bigger things later, like a job or allowance, and reach even bigger goals!

Wrap Up!

So, embrace the magic of earning and spending! It’s a rewarding adventure that teaches you responsibility, makes choices fun, and paves the way for a bright financial future!