Videos

Today, we're going to learn about something super important—budgets! What's a budget, you ask? Well, let's find out together! This video is perfect to learn how to manage their money wisely. Let's dive in and discover budgeting!

In this video, you’ll learn:

What is a Budget? - A budget is like a plan that helps you manage how much money you make and spend over a year. It helps you stay on track with your money, making it easier to plan, save, and control your expenses.

Needs vs. Wants - Understand the difference between needs (things you can't live without like food and shelter) and wants (things that make life fun like games and movies).

Creating a Budget - Learn how to set up a budget starting with your income (money you get from allowances, birthday gifts, or chores), your expenses (things you spend money on like snacks and toys), and your savings (money you keep aside for the future).

The 50/30/20 Rule - Discover a simple way to manage your budget: 50% of your money goes to needs, 30% to savings and investments, and 20% to wants.

By the end of this video, you'll know how to create a simple budget that helps you spend wisely and save for the future

Today, we're diving into the exciting world of setting prices for your business. Let's learn how to make sure you're making a profit! Whether you're running a lemonade stand or selling any other product, knowing how to price your items is key to running a successful business.

In this video, you’ll learn:

Understanding Costs - How to calculate the total cost of making or buying your product.

Competitive Pricing - Checking what others are charging for similar products.

Calculating Profit - How to determine your profit by subtracting costs from your selling price.

Importance of Profit - Why making a profit is essential for a successful business.

Today, we're diving into the world of cash flow management. Let's learn how to keep your business running smoothly! Cash flow is the money that comes into and goes out of your business. It's like keeping track of how much money you're making and spending. Learn how to manage your cash flow, budget your expenses, and make smart financial decisions to ensure your business's success.

Today, we're going to learn about entrepreneurship. Do you know what that means? Let's dive in and find out! Entrepreneurship is all about starting your own business or project, being the boss of your own ideas, and making them happen. Get ready to explore what it takes to be an entrepreneur, from coming up with business ideas to creating a business plan and setting goals. Let's get started!

Today, we're going to talk about something super important for your future: saving for retirement. We'll learn about Roth IRAs, IRAs, and Pension Plans. Ready? Let's dive in and discover how these accounts can help you save money for a happy future!

In this video, you’ll learn:

What is Retirement? - Understand what retirement means and why saving for it is essential.

Roth IRAs - Learn about Roth IRAs and how they help you save money tax-free for retirement.

IRAs - Discover how IRAs work and the tax benefits they offer now and in the future.

Pension Plans - Find out how pension plans set up by employers help you save money with regular contributions.

Today, we're going to learn about something super important – insurance! Insurance is like a safety net that helps protect you from big, unexpected expenses. Think of it like having a superhero that comes to your rescue when something goes wrong. Let's get started!

In this video, you’ll learn:

What is Insurance? - Discover what insurance is and why it's important.

Types of Insurance - Learn about different kinds of insurance like health, car, home, and life insurance.

How Insurance Works - Understand premiums, coverage, and how insurance helps when things go wrong.

Examples of Insurance - See how insurance can help in real-life situations.

Today, we're going to learn all about paychecks! A paycheck is the money you get for working at your job. It shows how much you earned and what deductions were taken out before you get the final amount. Understanding your paycheck is super important for managing your money wisely. Let's dive in and explore all the parts of a paycheck!

In this video, you’ll learn:

What is a Paycheck? - Discover what a paycheck is and why it’s important.

Parts of a Paycheck - Learn about Gross Pay, Deductions, and Net Pay.

Example of a Paycheck - See how deductions affect your take-home pay.

Reading Your Paycheck - Understand what information you’ll find on your paycheck.

Today, we're going to learn about something super important – taxes! Taxes are money that people pay to the government, and the government uses this money to do things that help everyone. Let's find out more about taxes, why we pay them, and the different types of taxes you might encounter. This video is perfect for kids who want to understand how taxes work and why they're essential for our communities. Let's get started!

In this video, you’ll learn:

What are Taxes? - Discover what taxes are and why we pay them.

How Taxes Work - Learn how money from taxes is used to help everyone.

Different Types of Taxes:

Income Tax: Money taken from what you earn.

Sales Tax: Money added to the things you buy.

Property Tax: Money paid by people who own houses or land.

Today, we're going to learn about something magical in the world of money – compound interest. Imagine you have a magical plant that grows money instead of leaves. Every year, it not only grows new money but also grows more plants! Let's find out how it works and why starting early is super important. This video is perfect for kids who want to understand how to make their money grow faster over time. Let's get started!

In this video, you’ll learn:

What is Compound Interest? - Discover how your money can grow over time just like a magical plant that grows more plants.

Why Starting Early is Important - See how planting your money earlier can help you grow a bigger garden of money plants.

Examples of Compound Interest:

Starting at 10 years old: Plant $10 and see how it grows into a big garden by the time you're 20.

Starting at 15 years old: Plant $10 and see the difference in growth by the time you're 20.

Today, we're going to learn about investing. Investing means using money to buy things that can make more money over time. Instead of just saving money in a piggy bank, investing helps you grow your money to reach your goals, like buying a house or going to college. Let's find out why investing is important and explore some different investment options! This video is perfect for kids who want to understand how to make their money grow. Let's get started!

In this video, you’ll learn:

Why Investing is Important - Investing helps your money grow faster than just saving it. It's like planting seeds that grow into big trees over time. It can also protect your money from losing value due to inflation.

Investment Options:

Stocks: Buying pieces of a company. Can make a lot of money if the company grows, but risky if the company doesn't do well.

Bonds: Loans to the government or companies. Safer than stocks, but the money can be impacted by inflation.

Mutual Funds: A mix of investments managed by someone else. Less risky because your money is spread out, but management fees may apply.

Real Estate: Buying houses or buildings to rent out or sell. Can be profitable but requires a lot of money upfront and can be hard to manage.

Index Funds: A basket of many different stocks. Easy to buy and lower risk than picking individual stocks.

Risk and Return:

Risk: The chance of losing or gaining money. High risk can lead to high returns or big losses, while low risk is safer but with lower returns.

Return: What you get back from investing your money, like the apples from a tree you planted.

By understanding these concepts, you can make smart choices about investing!

Today, we're going to learn how to create a budget using Excel. A budget helps us plan how we spend and save our money. This video is perfect for kids who want to learn how to manage their money better. Let's get started!

In this video, you’ll learn:

Opening Excel - First, open Excel on your computer. You'll see a blank spreadsheet with rows and columns.

Setting Up Income - In cell A1, type 'Income' and in cell B1, type 'Amount'. This helps us keep track of where our money comes from and how much we have. Then, in cell A2, type 'Allowance' and in cell B2, type '$10'.

Listing Expenses - Next, we'll list our expenses. In cell A4, type 'Expenses' and in cell B4, type 'Amount'. Expenses are things we spend money on. For example, in cell A5, type 'Candy' and in cell B5, type '$2'.

Planning Savings - Now, let's plan our savings. In cell A6, type 'Saving' and in cell B6, type '$3'.

Calculating Net Income - To find out how much money we have left after spending and saving, in cell A8, type 'Net Income'. In cell B8, type the formula =B2-B5-B6 and press Enter.

Adjusting Your Budget - If you decide to save more, you might spend less on candy. Change the amount in cell B6 to '$5' and see how your Net Income changes.

Saving for a Goal - Imagine you want to buy a toy that costs $20. In cell A10, type 'Toy Cost' and in cell B10, type '$20'. In cell A11, type 'Weekly Saving' and in cell B11, type '$3'. In cell A12, type 'Weeks to Save' and in cell B12, type =B10/B11 and press Enter.

By the end of this video, you'll know how to create a simple budget in Excel and understand how to plan for your spending and saving.

In this video we will break down the differences between two essential types of bank accounts: checking accounts and savings accounts. Whether you're just starting to manage your money or looking to improve your financial literacy, this video will help you understand which account suits your needs best!

In this video, you’ll learn:

What is a Bank Account? - Discover the basics of what a bank account is and why it's important for managing your money.

Checking Accounts - Think of these like your wallet. They’re perfect for daily expenses and easy access to your money with a debit card or checks. However, they usually don’t earn interest.

Savings Accounts - Imagine these as your piggy bank. They’re great for saving money for the future, earning you extra money called interest. They’re designed to make it a bit harder to withdraw money, encouraging you to save.

Side-by-Side Comparison - We compare the features of checking and savings accounts to help you understand their unique benefits.

Choosing the Right Account - Get tips on when to use a checking account and when to use a savings account based on your financial goals.

By the end of this video, you’ll have a clear understanding of how checking and savings accounts work, and how each can be a valuable tool for managing your money effectively.

Today, we're going to learn all about banks and why they're super important. This video is perfect for anyone who wants to understand what banks do and how they can help you with your money. Let's dive in!

In this video, you’ll learn:

Why Use a Bank? - Find out why banks are important for keeping your money safe, helping you manage it, and planning for the future.

Savings Accounts - Discover how savings accounts help you save money and earn extra money called interest. It's like getting a bonus just for saving!

Checking Accounts - Learn how checking accounts help you pay for things and manage daily expenses with checks and debit cards.

ATMs (Automatic Teller Machines) - See how ATMs let you get your money anytime you need it, even when the bank is closed.

Online Banking - Explore how you can use your phone or computer to manage your bank account, pay bills, and send money to others.

Loans - Understand how banks can lend you money for big things like cars or houses, and how you pay it back over time.

Credit Cards - Find out how credit cards let you buy things now and pay for them later, and why it's important to pay back the money on time.

Investment Services - Learn how banks can help you invest your money to grow it for the future.

By the end of this video, you'll know all about the different things banks do and how they can help you with your money.

Today, we're going to learn all about credit. Credit can seem a little tricky, but don't worry, we're here to make it super simple. This video is perfect for kids who want to understand what credit is, how it works, and why it's important to use it wisely. Let's get started!

In this video, you’ll learn:

What is Credit? - Credit is money you borrow from the bank to make purchases, which you promise to pay back later, often with interest.

Credit vs. Cash - Understand the difference between using credit (borrowing money to pay later) and cash (paying immediately with your own money).

Credit Scores - Learn about credit scores, which represent your creditworthiness based on your credit history. Higher scores mean better terms!

Types of Credit - Discover the two main types of credit: credit cards and loans.

Credit Cards: Convenient for making purchases and can build credit history if used responsibly. However, they can have high interest rates if not paid off in time.

Loans: Allow you to make large purchases like cars or homes that you can't afford to pay for all at once. But they come with interest rates and fees, and missing payments can harm your credit score.

By the end of this video, you'll know what credit is, how it works, and why it's important to use it wisely.

Today, we're going to learn how to use credit responsibly. Credit can be super helpful, but only if you use it the right way. Let's dive in and find out how! This video is perfect for kids who want to understand how to manage credit cards wisely and avoid getting into debt. Let's get started!

In this video, you’ll learn:

Spend Wisely - Only buy what you can afford. If you can't pay it back soon, you might end up owing more money because of interest.

Pay Back Every Month - Always pay back what you borrowed every month. If you don't, you might have to pay extra fees. Paying on time is super important!

Keep Track of Spending - It's like keeping a budget so you don’t spend too much. Knowing where your money goes helps you stay in control.

Use Credit Cards for Emergencies - Save them for important needs, not for everyday things you want.

Examples:

Good Credit Use - Your bike breaks, and you need it to go to school. You use a credit card to fix it and pay it back when you get your allowance.

Bad Credit Use - You see a cool toy and buy it with a credit card, but you can't pay it back. You end up owing more money because of interest.

By using credit responsibly, you can make sure you don’t owe too much money and keep your finances in good shape!