Narrator: Dreaming of getting a fancy new car, huh Brain? But however will you afford it?
No, no, no Brain. Money doesn’t grow on trees!
Brain: Brain
Narrator: You need to think about how much you have and how much you can afford to spend.
What if you need to buy something else? Something more important like; food, heating, or other things you enjoy.
Planning what to do with your money and how much you can save is called a budget.
You’ll be able to keep track of what you’re spending and save up for something you really want.
Leaving yourself with enough to buy the things you need.
Money is an important thing for a hungry little brain to get to grips with. It is important to keep it safe.
Good lad, what would you do with a convertible anyway, you’ve got no hands Brain.
Brain: Brain!
What are needs and wants?
Before you make a budget, think carefully about what you want and what you need.
Needs are the things we must have to live, like food, clothing and somewhere to live.
Wants are things we might like to have, for example a new game or toy - or a fancy car! Wants are things we can live without.
Do you know what your needs and wants are? Try to make a list of each.
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