Money for Beginners
#3 of 6 in Usborne Big Subjects For Beginners Series
What’s inside...
An informative introduction to the world of money, covering everything from bank accounts, earning and borrowing to government spending, taxes and inflation. With bright, infographic pictures, a detailed glossary and links to specially selected websites where you can visit a virtual bank, see money from around the world and more.
Discussion points
What are some ways you can earn money as a kid?
If you had a certain amount of money, how would you decide to save or spend it?
Why do you think it’s important to know about money and how to use it?
What are some good things and bad things about having money?
How could you help someone else with money?
Tip: Role play these questions
Start by sharing a personal story about a financial decision you made and its outcome.
Encourage your child to think about money they've received, like allowances or gifts, and what they did with it.
Ask them to brainstorm creative ways to manage or save money, and discuss the pros and cons of each idea.
Connect the conversation to the book by discussing how different characters handle money and what can be learned from each.
Celebrate and praise thoughtful responses and decisions to reinforce positive financial thinking.
Key lessons
Example Lesson: The value of saving money
Explanation: Through the story, children learn about the importance of saving money for future needs rather than spending it all at once.
Real-World Application: Children can apply this lesson by starting to save a portion of their allowance or any money they receive, teaching them the discipline and foresight needed for financial stability.
Example Lesson: Budgeting basics
Explanation: Marco Bonatti introduces the concept of budgeting by showing characters allocating their funds for different needs and wants.
Real-World Application: Kids can learn to plan out their expenditures, whether it’s for toys, books, or snacks, helping them make informed decisions about their purchases.
Example Lesson: Understanding the difference between needs and wants
Explanation: The book clearly differentiates between essential needs and additional wants, guiding children to prioritize their spending.
Real-World Application: In real life, this can help children discern between what they truly need, like school supplies, and what they want, such as a new video game, aiding them in making judicious choices.
Example Lesson: Earning money responsibly
Explanation: Characters in the book earn money through chores or small jobs suited for their age, which educates children about the value of work and earning.
Real-World Application: Children can be encouraged to take on small responsibilities around the house or for neighbors to earn pocket money, instilling a sense of accountability and work ethic.