May 27, 2021
If you’re a grandparent, have you ever tried talking to your grandchildren about money? It’s a great topic to share your knowledge and see what they know. Today, I’m interviewing two of my grandchildren to see what they think about money and what they’ve learned.
Calvin, just finished 5th grade
Calvin knows the difference between a want and a need. He says needs are food and water and toys are a want.
“Instead of getting a toy, you could save that money and use it on food storage or something,” said Calvin.
He also knows about gas prices and said the price depends on the state.
“When we were filling up on gas I looked, and I just added it up and the average was above $4,” said Calvin.
Kids are a lot more astute and a lot more aware of what’s going on around them then often we give them credit for.
Rosie, just finished 7th grade
Rose is in middle school and knows what taxes are.
“Taxes are when the government takes a certain percentage of the money you make a year, and they put it in to different things like building roads or paying for other stuff,” said Rosie.
She also knows how to have fun with friends and family without spending money. When it comes to shopping, Rosie likes a lot of different stores, including Hot Topic. She chooses clothes that are comfortable and look good instead of just popular brand names.
“I don’t usually spend my own money to buy clothes, but I know that my mom doesn’t always like to spend a ton of money buying clothes,” said Rosie.
Check out the full episode or use the timestamps below to hear a specific segment.
2:48 – Calvin
4:49 – Gas prices
5:55 – Wanting something
6:48 – Trading time for items
8:13 – Rosie
12:07 – Shopping
13:10 – Buying on sale
15:20 – Best thing she bought
16:42 – Friends
17:28 – Raising money
17:56 – Saving
18:46 – Setting goals