Those who have a lot of it often don’t talk about it. And if you don’t have one, you don’t either: we’re talking about money. Some may not want to reveal how much money they have because they are afraid that one could be jealous. The others don’t want over that Money theme speak because they are embarrassed to have none or too little of it.
How are you doing with the topic? Do you talk to friends about the amount of your pocket money or not? Experts who deal with money professionally and educators say: It is important to talk about money – also with children and young people. This is the only way they can learn to deal with it well.
pocket money
You can learn to handle money well with the help of your pocket money. Whether and how much pocket money you receive mostly depends on how much money your parents earn or how many siblings you have. If you get pocket money, then you should be able to decide for yourself what to do with it. Of course you can Make precise rules with your parents in advance: For example, that you can use the money to buy sandwiches for school. Then you can plan for that. Fixed rules it is good to decide together. It also helps you plan and use your money responsibly. It is also good for you to know exactly when you will get your pocket money. It is best to arrange a fixed day at the beginning of the week or the beginning of the month with your parents!
Save or spend?
If you know how much pocket money you get regularly, then you also know how much money you can spend per month or per week. You can learn to plan. Sweets, nibbles, new pens, trading cards – small purchases are probably done with pocket money. But if you want to buy new sports shoes or a cell phone, you have to save your money. This means that while you can spend less money at first, you can later afford something bigger. But you can also save without knowing exactly what for. You don’t always have to buy something.
What is interest?
You can put your money in a piggy bank at home. Or you take your money to the bank. The bank gives you interest on your money. Interest rates can vary. The amount depends on how long you want to leave your money in the bank. That sounds complicated, but it isn’t. Interest is something of one Loan feethat the bank pays you so you can leave your money with them. The bank works with your money. She lends it on and receives a loan fee for it. The longer you leave your money in the bank, the higher the loan fee that you get paid out. How long you want to borrow your money, you agree in advance with the bank.
Debt and Credit
Did your parents build a house or buy an apartment? Then they probably have one at the bank Credit taken out. That means they have money borrowed from the bank and now owe the bank money. For lending your parents money, the bank charges them a loan fee. The system is similar to that for saving, only in the opposite direction. An example: Your parents borrow 100,000 euros from the bank and have to repay 110,000 euros over the years. Before the bank lends money, it tries to assess whether it can be repaid. The bank is only allowed to lend money if it can be sure that it can be repaid.
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