Does Money Really Grow On Trees?

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Does Money Really Grow On Trees?
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We have all heard that question, and we know it
isnt true.
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• If it were true, Id plant an orchard and pick a
  bushel of dollars everyday. Wouldnt you?

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It is true. We all need money. Why do we need
money?

• We need money to buy lifes basic needs
• Food
• Clothing
• Shelter (home)
• These are our basic needs.

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What are some things we might want to buy with
money?
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My Wants
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If we are wise money managers, what will we
purchase first?
WANTS
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Family Financial Fun
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Money Management

• Every family must manage their money, whether
  they have a lot or a little.

As children grow older, they can help the family
in many ways to use its money wisely.
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How can children help?
No Wasting
Helping at Home

• Money
• Food
• Electricity
• Water

• Cutting coupons
• Helping at the grocery store
• Earning by doing chores
• Taking out the trash
• Making beds
• Washing dishes

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Children often receive an allowance from their
parents.
An allowance is a certain amount of money,
usually given weekly to children. The children
can then use this money to buy items they want.
Some children act wisely and save part of each
weeks allowance. Many times children must do
chores to receive their allowance.
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Three Division Method

• One good idea on how to use an allowance is to
  use the Three Division Method.

1. Spend some money.

2. Save some money.
3. Share some money.
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How can you save some money?

• Piggy Bank
• Bank (an actual banking institution)

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What can you save money for?

• A special day
• Birthday
• Christmas
• Summer Vacation
• Education
• It is never too early to being saving for
  college.
• A special item
• Bike
• Skateboard
• Video Game System
• Ipod

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Your parents can help you set a goal for saving
and determine how long it will take to reach your
goal.
Ex. A bike may cost 100.00. If you save 5.00 a
week, it will take 20 weeks to pay for the bike!
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Sharing your money
Sharing your hard earned money or allowance may
be difficult, but you feel really good when you
help someone who needs money to buy food or
clothing.
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How can we share?

• Give part of our money to those in need.
• Donate at church.
• Donate our used toys/clothing to organizations
  like Goodwill and Salvation Army.

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Making wise choices about your money is a BIG
RESPONSIBILITY. Learning to make good decisions
by talking and planning with your parents only
makes good sense because we all know
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Money doesnt grow on trees.