Have you ever wondered why we use money, and where it comes from? In today's world, many kids like you don't know as much as you should about money like children in your parents' generation did. Money is an important part of everyday life and financial literacy is an important life skill that you need to succeed in life. Let's take a journey back in time to discover how money came to be and what we use it for, so that you can be better prepared to use and manage money properly as you grow older.
A long time ago, people didn't have money. Instead, they exchanged things they had for things they needed. This is called bartering. For example, a farmer might trade some of their extra vegetables for a cooking pot made by their neighbor. But as time went on, people realized that carrying around heavy items to trade wasn't always easy. They needed a better solution!
That's when the idea of money was born. At first, people used things like shells, salt, or even big rocks as money. It was something everyone agreed had value, so they could trade it for the things they needed. As societies grew, money changed too. Eventually, people started using coins made of gold or silver, and later on, paper money came along to make trading even easier.
So, why do we use money today? Money has three main jobs:
1. Buying things: When you want a toy or a snack, you can use money to buy it. This is called a transaction.
2. Saving for the future: Sometimes people save their money to buy something special later on or to make sure they have enough if they need it.
3. Making more money: Some people use their money to start businesses or invest, hoping to make even more money in the future.
As you grow up, it's important to learn more about money and how to use it wisely. A great way to get started is by reading "My Fun Finance Story Book." The book has amazing stories about children who are about your age as they go on different adventures learning about money and how to manage it properly.
And guess what? If you click the link below, you can get a free copy of the story book "Birthday Savings For Omo”, which is a fun story about a young girl called Omo in Nigeria who celebrated her birthday with a party and received plenty of wonderful gifts!
So go ahead, start exploring, and become a money smart kid and develop the life skills you need to succeed now and in the future.
Looking forward to our free chapter!
This is awesome! Great ‘Tale by moonlight’. Love it!