"How did money come about?"
Imagine that you want a toy, but instead of paying for it with money, you have to exchange it for something else – for example, for three apples or two chocolates. But how do you find someone who is willing to do that? It’s n...
"What is money for?"
Money is a medium of exchange, as it helps people more easily buy and sell different goods and services to satisfy their needs – such as food and clothing, or wants – such as toys and movie tickets. In addition to facilitati...
"Needs and wants"
Today is the day for your family’s weekly grocery shopping. Imagine that this time you have the responsible task of deciding what to buy in order to have food for the coming days. However, you know that you cannot take everything ...
"Should I spend or should I save?"
Should I Spend or Save? What do you do when you get money – for example, your pocket money or a gift for a holiday? Do you rush to spend it on treats and toys, or do you save some of it in your piggy bank to use later for somethin...
"What do prices show?"
When you want to buy something, you check how much it costs to decide if you can afford it. The price is the amount you have to pay for a given good or service. But how is it determined? How are the prices of goods determined? ...
"How do I make a budget?"
What is a Budget? A budget is a plan for your money – how much money you have, how much you spend and how much you save. It helps you avoid spending everything at once and to have enough for your needs and wants by thinking about ...
"How do people pay for their purchases? "
For centuries, people have paid with coins and banknotes, but today many other ways are also used. Remember the different forms that money can take. (see article “What is money for”) Usually, smaller purchases are paid in ca...
"Why are banks important? "
Banks have existed for hundreds of years. The first bankers in ancient times kept gold and silver and also lent them out. Over the centuries, banks have evolved and today they are an important financial assistant for people and businesse...
"Why are there taxes?"
Taxes are money that people and businesses give to the state. But why does it need this money? Imagine that the state is a big house in which all people live. It must be maintained – kept clean, tidy and safe, so that everyone can...
