In a few words, why is it important to manage money?
Managing Money: A Guide for 13 Year Olds in School
Learning how to budget and plan ahead Understanding the importance of saving and investing money Staying informed about financial products and services
budgeting: The process of allocating money to different expenses each month. saving: Putting money away for future use. investing: Using money to buy assets with the potential to generate income or increase in value over time.
- Save all of your money for the future
- Spend some money and save some money
- Spend all of your money now
- Invest in the stock market
The average person has 11 credit cards. Americans spend more on taxes than food, clothing, and housing combined. Approximately $1.2 trillion is held in savings accounts across the US.
Draw / write: What are some of the advantages of having a budget?
Draw / write: What would be some of the consequences of not sticking to a budget?
What are some of the money-related skills that you already have?
What are some of the money-related skills that you would like to learn?