The Adventures of Money Management: A Lesson for Kids

Let me tell you a story,
Of money and its glory.
It starts with paper so white,
On which we write and calculate right.

We have interests and gains,
Which we can earn from our brains.
But sometimes we need a loan,
To help our ideas to be sown.

Dividends are like treats,
For being smart with our sheets.
Expenditures are things we buy,
But we need to be careful, don't be shy.

Flow is how money moves,
From our hands to others who prove.
Inventory is what we keep,
Things we sell that make us leap.

Ledger is like a book,
Where we note every move we took.
Lease is like a rental fee,
For a car or a house, you'll see.

Expense is like a cost,
When we buy things, it's not lost.
Liabilities are things we owe,
But with good planning, they won't grow.

So, my dear young friends,
Remember these words, it never ends.
Money can be fun and fair,
With knowledge, you can always prepare.

Reflections

  1. What are some ways we can earn money and increase our wealth, as mentioned in the poem?
  2. Why is it important to keep track of our expenses and maintain a ledger?
  3. Can you give an example of a liability and how it can affect our financial situation?
  4. How can we make sure we don't spend more money than we have, and avoid getting into debt?
  5. Can you think of a real-life situation where you might need to lease something, like a car or a house?

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