Previously on The Piggy Bank:
In the last episode, we covered the importance of knowing the difference between needs and wants. We also saw that if we plan carefully, we can save enough money to buy what we want.
Today, we are going to explore the concept of saving money.
(Parents can read the sections at a pace appropriate for their child and then solve the worksheet together.)
Sometimes after buying what we need and want, some extra money is left with the individuals. That extra money is typically called savings.
For example:
| Income | 1 | 0 | 0 |
| Money spent | – | 8 | 0 |
| Savings | 2 | 0 |
Some people set aside a part of their income for future use or unexpected expenses. This is also called savings because it is money that they will not spend.
For example:
Exercise: Discuss with your parents how they like to save their money. Do they save like Samira whenever they get the chance or like Aryan who saves every month? Why?
Disclaimer: This blog has been written for children between the ages of 5 to 7. The information has been presented accordingly. Parental discretion is advised.
Also read,
“Me-kha-la!” That happens at least once when she introduces herself to new people. She wholeheartedly believes in the quote by Arthur Rubinstein that says – “if you love life, life will love you back”. She is an organizational psychologist and psychometrician. She was a class teacher of 36 adorable girls for two years, grades 2 & 3, as a part of the Teach For India Fellowship. These little girls have a special place in her heart, and when she writes for children, she writes for them!
Arya C is a 4th grader who talks about her transition from the US to India and how BYJU`S has helped her at that. She also loves how BYJU`S has made learning a lot more fun.
Meet Sourabh who has a ton to say about his BYJU`S learning experience. His love for quizzes, games and other fun activities are paying off!
V Shriya is a class eight student who has been using BYJU’S for a year now. She shares her experiences with using the app and how it has helped her in improving her academic performance.
Aanvi from class 9 has been with BYJU`S for just 6 months and hear what she has to say about her learning experience with the app.
Comments
Anjali
November 14, 2022
100 spent and 50 save
Suman
October 28, 2022
Good savings
Aditya
October 22, 2022
65 spent and 35 save
Kailansh
October 19, 2022
55 spent and 45 save
Teju
October 17, 2022
So nice