Hints for the project "EXPLORING ECONOMICS YOUNG" for class VI.

There is a need for children to recognize the value of money. With increasing

disposable income, children too get more freedom to spend the money that their 

parents have given them. They get the independence to decide the desired goals for that money.

Children to choose  ̳For‘ and  ̳Against‘ saving from the points given below in the hints.

Hints- ‘For’ and ‘Against’:

 Children should know that money has to be earned.

 Children need not know how money is earned.

 Children should know what a bank is.

 Children should know that they need to store their money safely and protect it .

 Guardians/Parents are there to calculate the money, why to burden a child.

 Children should know how their parents think about saving and spending money.

 Elders are there to protect money.

 Children should know that buying things cost money and they should know how to pay for something.

 They don‘t need money, parents are there to spend for them.

 They don‘t need to run to the bank, they have parents/guardians.