Be Wise With Money is a great way to begin teaching financial literacy to children. The book explains all about money, including, the difference between need and want, staying within a budgeting, income versus expenses, different ways to pay, and even includes an example of a small business plan.
“Earth provides enough to satisfy every man’s needs, but not for every man’s greed.” – Mahatma Gandhi
Enjoy all the lessons about financial literacy aimed at upper elementary in this book from Pratham Books.
Author: Mala Kumar, Illustrator: Deepa Balsavar
Text and Images from Be Wise With Money – Early financial literacy
Dreaming of becoming rich
Let us start with this story about a milkman. One day, on the way to sell milk, he started dreaming:
and earn a lot of money. With that I will buy a cow
And soon I will have lots of money!!!” What do you think happened after that?
The fool and his money are soon parted, says an old proverb. Once we have earned money we must use it wisely. We can save it in a bank, or use it to start and run a business to earn more money, or invest in companies that will give us regular income. We must know how to live within our means and yet make our dreams come true. Wise people know how to make money without breaking the laws of a country. You too can learn to be wise with money.
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