Financial is like a big piggy bank where you keep your coins and dollars. Imagine you have a treasure chest and every time you do a chore, like cleaning your room, you earn a shiny coin to put in it. These coins are your money. Now, you can decide to save these coins for something special, like a toy or a trip to the zoo. This is called saving.
But sometimes, you might want to use your coins to buy something you really want right now, like a candy bar. This is called spending. Knowing when to save and when to spend is part of being financially smart.
Think of financial like planting a garden. Your coins are seeds. If you plant them in the ground, which is like saving, they can grow into big trees with lots of fruits, which means more coins in the future. But if you eat all the seeds now, you won’t have any trees later.
So, being financial means understanding how to take care of your money, just like how you take care of your toys and your garden.