Economy is the method by which we prepare today to afford the improvements of tomorrow.
What is a good? A good is something you can see and feel. It is something you can use. Most goods are tangible. What is a service? A service is something done for someone else. Services are intangible because you cannot touch or smell a service. Let’s do it Look Read more…
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James lives in a poor village. Grandma says, “Don’t worry James, I can make a new shirt for you.” Grandma starts to sew a shirt for James. Grandma gives him the new shirt as a gift. This is the best gift James has ever received. James has an idea in Read more…
A little girl wants to buy a cake. But the cake is not selling in pieces. The cake priced at $6, but she only has $2. To purchase the cake, she has to find the other $4. She starts looking for her friend that has the same interest in buying Read more…
What we do in spending? Buy things that we need. Buy at reasonable price. Give your kids some money, like $2, in a supermarket and have them make choices about what fruit to buy, to give them the experience of making choices with money. Talk about needs vs. wants. Help Read more…
Teach your kids on saving money without giving them more when they want to purchase something that costs more. When your kid wants to buy a toy that costs $5. You only have to give your kid $1 per day. Your kid might want to spend the $1 to buy Read more…
Money is any object that is generally accepted as payment for goods and services. In short, money can be anything that can serve as three functions below. Don’t forget to follow us on Facebook, Instagram, Twitter and Pinterest.