Financial Literacy: Smart kids can learn how to grow their savings, spend wisely, and build strong financial habits from an early age. The A to Z of financial literacy is a fun and simple guide to teach kids the basics of money—from Allowance to Savings. Here’s a fun and simple guide to essential financial terms every smart kid should know.
A for Allowance: A small amount of money you get regularly for something you do. It teaches children how to manage income. (AI generated image)
B for Budget: A simple plan for saving and spending your money wisely, so you don’t run out. (AI generated image)
C for Credit: Borrowing money now and paying it back later with interest (extra). (AI generated image)
D for Debt: When you are spending the money in your bank account or it can also be the money you owe to someone else, like when you borrow and haven’t paid it back yet. (AI generated image)
E for Earnings: The money you make from jobs, chores, or selling things—your reward for hard work! (AI generated image)
I for Interest: Extra money you earn from savings or extra you pay when you borrow money. (AI generated image)
N for Needs: These are must-haves like food and clothes. (AI generated image)
P for Piggy Bank: A fun and simple way to save money! You can collect coins or small bills in a piggy bank and use your savings later to buy something special, go on a trip, or even donate to charity. (AI generated image)
S for Savings: Money you keep safe for later instead of spending it right away. (AI generated image)
V for Value: How important or useful something is to you. Smart kids learn to spend on what has real value! (AI generated image)
