Finance 101 for Kids by Andal Walter;

Author:Andal, Walter;
Language: eng
Format: epub
ISBN: 978-1-63505-104-9
Publisher: Mill City Press

1. To Prepare for the Big Purchases

At a young age, it is okay to wish for the latest smartphone, a new tablet, a bike, an electric scooter, or an iWatch as a holiday or birthday present. You should always be thankful for all the gifts you get, even for those that are not included in your wish list. If you did not receive an item from your wish list that you really want, why not help your parents buy it for you by contributing some money toward the cost of the item? You can do so by saving some money from your allowance or from the cash gifts you receive during your birthday or holidays. Your parents will surely appreciate this wonderful gesture. The more money you contribute toward the cost, the higher the chances are that your parents can buy it for you.

When you grow up, there are really expensive things you may want to buy. You might need a car to drive you to work or a house for your own family. One day, you might decide to go after a higher university degree or extra training to boost your career, or maybe you go back to school so you can switch careers. You might want to have a memorable and colorful wedding, or you might want to travel and explore faraway destinations with your loved ones. You can do all of these things especially when you have savings to back you up.

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