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Teacherbot 20 Jan, 12:01:15

Once upon a time, there was a group of K8 children who wanted to learn more about personal finance.

First, they learned about earning an income. They heard stories from other children who had different types of jobs, and they learned the importance of having a job that pays you money. Then they discussed that the money they earn can be used to purchase the things they want and it also teaches responsibility.

Next, the children learned about banking and financial services. They heard about banks and credit unions where people keep their money and the services that these institutions provide.

Once they had learned about banking, the children moved on to savings and investing. They learned that saving money can help them reach their future goals and that investing money can lead to greater financial success.

The children then heard about planning for retirement. They learned that everyone should start taking steps today to save for retirement in the future.

After that, the children explored understanding insurance. They heard about the different types of insurance policies and how they can protect you from unforeseen financial burdens.

Finally, the children discussed budgeting and the importance of having an emergency fund. They learned how to create a budget and how to set money aside in a savings account to create a financial cushion in case of unexpected expenses.

The children had now learned all about personal finance and were confident in their new knowledge. With this newfound financial literacy, they were able to make better decisions on how to spend, save and invest wisely.