MONEY AND BANK

Money Introduction

1. we can buy things from money i.e. Goods and Services

Goods (toys, shoes, clothes, house, cycle etc.)

Services (cab service, doctors service, electricity etc.)

2. Money comes from working and receiving a salary or wages.

3. Money can also come from selling things that we have or from investments.

4. Money can be received as gifts or inheritance.

5. Money is used to buy things that we need or want, such as food, clothing, and shelter.

6. Money can be saved for future use.

7. Money can be used to pay bills and expenses.

8. Money can be given to others who need it as charity OR HELP.

9. It can take the form of coins, paper bills, or digital currency.

10. Money is used all over the world.

11. We can earn money by working or doing tasks for others.

12. We can also exchange money for other forms of currency when traveling.

13. Some people use credit or debit cards instead of cash.

14. It is important to understand the value of different coins and bills.

15. Misusing or not being responsible with money can lead to financial problems.

BANKS INTRODUCTION

1. Banks are places where we can keep our money safe.

2. Banks also allow us to access our money easily by using an ATM or online banking.

3. Banks can help people save money by offering different types of accounts such as savings accounts.

4. Banks also offer services such as loans, credit cards and mortgages.

5. Banks play an important role in the economy by lending money to businesses and individuals.

6. Banks are controlled by government to ensure they operate safely and fairly.

7. Banks also offer online banking and mobile banking service.

8. Banks also provide safe deposit boxes to keep valuable items safe and secure.

9. Banks also give debit cards and credit cards to their customers to make transactions more convenient.

10. It is important to choose a bank that you trust and has the services you need.

11. Banks also offer services such as loans, credit cards and mortgages.

Activities

Here are a few activities that can help introduce the concept of money and Bank to kids:

1. Play "store": Set up a pretend store and have kids practice counting out money to pay for items and making change.

2. Make a "wish list": Have kids write down a list of things they would like to buy and then research how much each item costs. This can help them understand the value of money and the difference between wants and needs.

3. Create a budget: Have kids track their allowance or money earned from doing chores and set a budget for how they will spend or save it.

4. Take them on a shopping trip: Go to a store together and have them help you compare prices and make purchasing decisions.

5. Play "money bingo": Create a bingo board with pictures of different coins and bills and have kids match the money they have to the pictures on the board.

6. Play "Money matching" game: Create cards with pictures of different coins and bills on one side and their value on the other side. Have kids match the pictures to the correct value.

7. Role-playing: Have kids act out different scenarios, such as going to a store, buying something, and paying for it with cash or card.

8. Create a piggy bank: help them to create a piggy bank and encourage them to save money in it.

9. Open a bank account : Open a bank account for kids and show them how to deposit and withdraw money, how interest works and the importance of savings.

10. Show them real-world examples: Show them how people use money in real-life scenarios like paying bills, buying groceries, and making charitable donations.