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October 22, 2020
5 Insightful Videos That Will Teach Your Kids the Value of Money (Grade School-Edition)
1. A Story About BorrowingWe all experience that one time we fell short of our resources that the only choice we’ve been left with is to borrow from someone else. For many of us, because of such desperate situation, we tend to fail to draw the line between fair and unfair deals in concern with the terms of payment.
In those times of dire need, we need to settle only on agreements we can commit to. If not, we may turn out like other people who are, despite years of trying to work hard just to pay their debts back, are still stuck on it.
With that said, help your children learn about the simple money concept of borrowing—what is borrowing, what ‘fair deal’ is when it comes to borrowing, and what your kids can do to resolve a borrowing commitment he or she can’t fulfill.
Make your kids money smart!
In those times of dire need, we need to settle only on agreements we can commit to. If not, we may turn out like other people who are, despite years of trying to work hard just to pay their debts back, are still stuck on it.
With that said, help your children learn about the simple money concept of borrowing—what is borrowing, what ‘fair deal’ is when it comes to borrowing, and what your kids can do to resolve a borrowing commitment he or she can’t fulfill.
Make your kids money smart!
2. A Story About Spending WiselyWhy spend a thousand for something that others can get for a hundred? Teach your kids about the art of spending their money wisely! In this content, you and your kid will learn one simple yet impactful way of how you can save from what’s supposed to be big spending.
With the right discipline and calculated thinking, you can get everything that you may want without necessarily exhausting your pockets empty. Be strategic and help make your kids money smart!
3. The Importance of Saving MoneyHave your kids been asking you for ‘this and that’ lately? Of course, however you love them, you don’t always have to give in to their demands. On the other hand, the good news is, you don’t have to necessarily turn them down!
“Uhh, so how I can make such an interesting idea work?”
Well, all that you need to do is let your kid sit down for a few minutes and have him or her watch this video about saving regularly for whatever things they want! By letting them “earn” their way through the things they desire, you do not just help them learn how to save consistently, but also guide them to realizing whether they really want what they “desire’ or not. A win-win situation both for your kids and your wallet!
Help them make the right choices about money and guide them on how to do it—as we’ve always put it to words, make your kids money smart!
4. The Golden Coin: An important story about honestyLet’s take a step back from the simple yet ‘technical’ concepts of money and explore one general lesson that is applicable to the different aspects of life including, of course, the acknowledgment of the value of and management of money.
Honesty—a word everyone understands but not all practice. More than being a considerable virtue, honesty is a trait that can help your kid lead a clean, responsible, and fulfilling life in the future—especially in terms of finances.
Help them understand the foundation of honesty and lead your kid to the right path by letting them acknowledge just how important honesty is in life.
5. SMART BudgetingHave you ever defined what budget is to your kids or just let them spend their money on whatever they want without helping them save for what they might want in the future? Fuel your kids’ understanding of money management with this fun and engaging budgeting video here!
More importantly, help them learn what SMART budgeting is! Oh, you might want to sit in with your kids having mentioned this strategy. Have fun and be money smart together with your kids!
