KIDS INVESTMENT CLUB BLOG #4

Hey There, Future Finance Experts!

Welcome back to our super fun Kids Investment Club blog! Today, we're diving into a really important saying from the Bible that will help us understand money and choices better. Are you ready to become even smarter with your money? Let’s go!

What Does Proverbs 22:7 Say?

In the Bible, Proverbs 22:7 tells us, “The rich rule over the poor, and the borrower is slave to the lender.” Whoa, that sounds serious! Let’s break it down together.                              1. Rich vs. Poor: This verse reminds us that people who have lots of money (the rich) often have more power and influence than those who don’t (the poor). Imagine it like a game where the player with the most tokens gets the best stuff!                                                   2. Borrowing: The second part talks about borrowing. When you borrow something, like a toy or some money, you have to return it, right? This means you’re kind of under an obligation to the person you borrowed from. That can feel like being chained down, which is why it says you could be a "slave" to the lender. Yikes!

Why is This Important?

Understanding this verse is key because it teaches us to be careful with how we handle money. Here are a few things to think about: Saving vs. Borrowing: It's always better to save for something rather than borrow money, because then you’re not tied down to paying it back later. Plus, saving helps you learn patience and discipline! - Making Smart Choices: If you decide to borrow, make sure you really need to borrow and that you can pay it back. This way, you stay in control of your money!

Fun Activity: The Lending Game!

Let’s play a fun game to help you understand borrowing versus saving! You Need: - A deck of cards or a similar game - Play money (or you can make your own with paper)            How to Do It:                                                                                                                         1. Set the Stage: Divide into small groups and let everyone pick a card from the deck. Each card will represent a different amount of money.                                                          2. Make Choices: Each player will decide whether to "borrow" money from a game bank or save their play money for things they really want.                                                                3. Lend and Borrow: When you ‘borrow’ money, you need to plan how you’ll pay it back. Set a fun rule for repayment (like returning two play dollars for every one borrowed).          4. Group Discussion: After the game, talk about how it felt to borrow money and what it was like to save up. Discuss why saving is often the better choice!

Being a Wise Money Manager!

Here are some tips for being wise with your money:                                                              -Create a Savings Jar: Just like with previous activities, have a jar for saving up for something you really want. Make it fun by decorating it!                                                        -Plan Ahead: If you know you want something expensive, start saving! It’s better to have enough money than to have to borrow.                                                                                   -Ask for Help: If you’re unsure about money decisions, ask a parent or friend for advice!

Proverbs 22:7 teaches us that being wise with our money is super important! Remember, when you save and make smart choices, you will have more freedom and power over your own money, rather than being controlled by what you owe to others. Thanks for joining us today,

Money Smart Kids! Keep up the great work with your saving and spending. Stay tuned for more awesome money tips and fun activities in our next blog post!

Share with a friend! What do you think is more important than money? Share your thoughts with a friend this week!