Fun and finance #life
I went to Tipton Carnival yesterday and took lots of photos, but others were there to have fun and enjoy themselves. Unfortunately, with all the temptation of a carnival to spend money, fun and finance are inextricably linked.
I enjoyed it, we like our senses to be stimulated with music and bright colours and I was very aware of the sights and sounds. I didn’t have a go on the fairground rides and deliberately bought raffle tickets from local charities or I could have spent hours there and spent no money at all. I did donate some money to a hospice charity too, but I’ve been meaning to do that for a while.
Fun and Finance
It can be difficult for children, at these events. They have so little money and there is so much temptation everywhere. There is pressure on parents too, as children ask to try the rides and then want food and ice cream. Parents can avoid the more expensive rides, take a picnic so they don’t have to buy food and limit the ice creams. Many parents aren’t very good at managing money and they too can be overwhelmed by a fun event like a carnival. If children are taught that fun and finance are linked they will take control more and ask parents for less.
I’ve long supported the idea, that finance should be taught in schools and colleges to help children and adults to manage their money and get better value for money.
Monday is always money day for me as I check my bank account and pay bills. I have a little book for that, but I also have a couple of spreadsheets to help me keep track too. I not only check what money has come in and gone out, but how much I have saved and invested for the future.
In Victorian times, children were taught about investments as part of their maths lessons. These days those lessons can take in the use of computer software like spreadsheets and accounts programs to help children understand finance better. For Victorian children working out the return on government bonds in their maths lesson wasn’t unusual, but many children now don’t even know what government bonds are.
By teaching kids about finance and wealth building we can ensure more children from modest backgrounds learn how to manage their money and invest to become wealthier. This would help to combat the tendency for the rich elite of Britain to have all the financial security and power and the poor to have none. Learning about finance can be fun too, so there could be fun and finance lessons.
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