Money does not just appear. Grown-ups earn it by working and helping other people. Because money is limited, we cannot buy everything, so we make careful choices.
Why this matters: Understanding that money is earned by honest work helps you value it and be thankful. It also helps you make wise choices instead of wanting everything at once.
Money is earned
People do jobs and are paid for their work — helping others well is how you earn money honestly.
| Job | How they help |
|---|---|
| Doctor | Helps sick people get better |
| Teacher | Helps children learn |
| Baker | Makes bread and cakes |
| Bus driver | Takes people where they need to go |
Money is limited, so we choose
Nobody has endless money. If you have £10, you can only spend up to £10, so you must choose what matters most.
You have £5. A book costs £4 and a toy costs £3.
£4 + £3 = £7, but you only have £5, so you cannot buy both.
£4 + £3 = £7, but you only have £5, so you cannot buy both.
A simple budget
A budget is a plan for your money — you write down what you have and what you want to spend, so you do not run out.
You have £10 pocket money.
Save £4. Spend £3 on a book. Give £1 to charity.
£4 + £3 + £1 = £8, so you have £2 left.
Save £4. Spend £3 on a book. Give £1 to charity.
£4 + £3 + £1 = £8, so you have £2 left.