Does Money Really Grow On Trees?

We have all heard that question, and we know it isn’t

true.

If it were true, I’d plant an orchard and pick a bushel of dollars everyday. Wouldn’t

you?

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

We need money to buy life’s basic needs:

• Food

• Clothing

• Shelter (home)

These are our basic needs.

What are some things we might want to buy with

money?

My Wants

If we are wise money managers, what will we

purchase first?

Family Financial Fun

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.

How can children help?

• Money

• Food

• Electricity

• Water

• Cutting coupons

• Helping at the grocery store

• Earning $ by doing chores

1. Taking out the trash

2. Making beds

3. Washing dishes

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 week’s allowance. Many times children must do chores to receive their allowance.

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.

How can you save some money?

•Piggy Bank•Bank (an actual banking

institution)

What can you save money for?

A special day• Birthday• Christmas• Summer Vacation

EducationIt is never too early to being saving for college.

A special item• Bike• Skateboard• Video Game System• Ipod

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!

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.

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.

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…

Money doesn’t grow on trees.