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1、unit 6 the value of moneya famous quote:never spend your money before you have it.一 thomas jeffers onthomas jeffers on (1743-1826), the third president of the united states and primary author of the declaration of independence.text a teaching children to spend pocket money wiselypre-reading question
2、s:1. recall and describe how your parents allocated pocket money to you and how you spent it.2, what influence does that way of giving pocket money have on kids finance management?school-going children need pocket money for food, stationary and bus fare. parents give pocket money to their children i
3、n different ways some give a lump of sum at the beginning of a month or a week. others prefer to give pocket money on a daily bias the way in which pocket money is given affects how money is spent or saved on the other hand, the children's spending habits may affect how pocket money is given.poc
4、ket money given on a daily bias is sometimes termed as “food money”. children usually use the pocket money to buy food during recess and also at lunch hour if they have school activities in the afternoon. they learn how to man age small sums of money. as the money is limited, they have to control th
5、eir spending. some parents choose this method of allocating pocket money in order to prevent their children from overspending, hoping that in time they can be trusted with larger sums of money. parents who earn daily wages may also opt for this due to financial constraints.giving pocket money on a d
6、aily bias places responsibilities of budgeting on the pare nts, in stead of child. the child may spe nd every single cent of the daily pocket money by overindulging in junk food, as they know they will get another sum of money the next day. this results in children being short-sighted in their spend
7、ing. the thought of saving money never crossed their minds. they may develop the mentality that money is meant to be spent. others spend more than they are given. they borrow from their siblings or their classmates when they feel like indulging themselves. then they may ask for money to pay off thei
8、r debts this habit of borrowing causes then to depend on others to solve their problems in such instances, the purpose of rationing is defeated children need to learn how to budget their money. some parents go by the "learning by doing” principle and give their children lump sums at the beginni
9、ng of the month, and by the third week of the month their account is already dry.on the other hand, some learn to budget their pocket money very well and even have savings at the end of the month. they do not borrow money necessarily. in other words, they learn to spend within their means. buy the n
10、ecessary first, and indulge ourselves only if there is money left. this habit, when inculcated since young, stands them in good stead when they start working and earning their own money. it enables them to resist the temptation of ubuy now and pay later" schemesformation of any habit starts at
11、a tender age. there is no better way to teach children to man age money tha n to start with their pocket mon ey. they need to learn the importanee of budgeting right from kindergarden days. it is a good idea to start with daily pocket money and move on to monthly pocket money. when children learn to
12、 spend within their means, they are able to man age their fin ances well later in their lives.text b the importance of money in lifepre-reading questions:1. what do you think of the old saying, “money is the root of evil”?2. do you believe how people think about money determines whether their money
13、flow is constant?what were you taught about money as you were growing up? something like “money does n't grow on trees: or “m oney is the root of all evil”,or maybe uall rich people are greedy5?well, how do you expect to become a success financially if you believe these things? you attract into
14、you life what you are thinking about and what you believe. if you think there is not eno ugh money in this world for everyone you will never have enough money. that is called the law of attraction.first of all, believing that "money does n't grow on trees" is an example of whafs called
15、 lack or scarcity programming. our parents taught us that there was never enough money to go around, and that it was not readily available or abundant. but in truth, the universe is very abundant, and there is lots of money as your heart desires. what wonderful thing you could do with it: travel to
16、the countries you have always dreamt of, buy a house you are even scared to think about, attend meditation classes so you could spiritually grow, donate money to your favorite charity, spend more quality time with your family, and the list goes on.the key is to start thinking that you deserve the mo
17、ney and that there is lots of it available for your, and then you can start attracting in into your life. thafs abundance thinking, which is the opposite of lack or scarcity thin king. when you start thinking about abundanee the law of attraction will do the rest. you do not need to know how it is g
18、oing to happen. just make the first step, first thought. starting is already winning.and what about thinking that “money is the root of all evil"? can you really expect to become a success if you believe that money is the root of all evil? unless you have a desire to be an evil person, your sub
19、conscious will not let you have money if you believe deep down that it is the root of evil.by the way, the quote is taken out of con text in the first place. it was originally stated as “the love of money is the root of all evil”. so it has nothing to do with the money itself.now that you understand
20、 that, you can start to think that money is in fact good. you can help people with money. you can stimulate the economy with money. even the most kind-hearted spiritual person, who says they don't need money, can do more to make the world a better place with money than without it.and what about
21、thinking that “all rich people are greedy1? well, that creates us versus them, whereby you have labeled all of uthem greedy in your mind you, on the other hand, are very giving in your mind. thafs why you don't have money, because you're not greedy.sure, there must be some rich people in the world who are greedy. but there are also poor people who are greedy there are both rich an
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