Introduction to Earning, Spending, Saving and Investing for Kids and Teens
This video explains the very basic concept of Earning, Spending, Saving and Investing in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about these, or used as a money & personal finance resource by parents and teachers as part of a Financial Literacy course or K-12 curriculum.
Suitable for students from grade levels:
- Kindergarten
- Elementary School
- Middle School
- High School
The topics covered are:
- What is Earning
- What is Saving
- What is Investing
- What are the differences between earning, saving and investing

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Hi, Sooper Cooper. Even though you didn’t go to finance school, you should still know some basic concepts that are in finance that I will ask you about now.
Okay, bring it on!
Number one.

Do you know what earnings are?
Well, earnings are the money that I get from chores, right?
Yes, they are the money that you get for chores, but there are also other ways to get earnings. Do you know any of that?
Maybe you can get earnings from a job?
Yes, very good Sooper Cooper. Next question.
Do you know what savings are?
Well, savings are what you put in a savings account?
Can you explain more about that?
No, I don’t know.
Well, savings are what you get when you don’t spend everything that you earn.
For example, if you earn $10 from doing chores, and you spend $6 on candy, you would have $4 left over. These $4 would be your savings.
Oh, okay. Is there anything else you wanna ask me?
Yes.
By any chance, would you know what investing is?
Ummmm, no I don’t know anything about investing. Can you tell me about it?
Well, investing is one of the things that you can do with your savings. Investing is a way to place your money so that it can grow, or make more money, for you.
For example, if you put it in a stock, bond or CD, then it can make more money and grow for you. All those three are a type of investment.
Yay!
Now that I have explained to you all these topics…
I’d like for you to tell me the differences

Okay. So, earnings are what you get from doing chores or a job. Then, savings are what you get when you don’t spend everything you earn. And then, if you have savings, then you can do some things with it – and one of those things is investing, right?
Yes, very good Sooper Cooper. And one more thing.
Not another question!!!
No, no, no, not another question.
Remember, finance is your friend!
Video Featured in the Below Financial Literacy Course for Kids and Teens
Download Transcript: Ideal for Use by Teachers in their Lesson Plan to Teach Kids and Teens
Podcast: Earning, Spending, Saving and Investing – Financial Literacy for Kids
Fun, informative and concise episodes by a 10-year old, breaking down complex financial concepts in a way that kids and beginners can understand. Episodes cover personal finance topics like saving, investing, banking, credit cards, insurance, real estate, mortgage, retirement planning, 401k, stocks, bonds, income tax, and more, and are in the form of a conversation between a cowboy (a finance novice) and his friend, a stock broker. Making finance your friend, only at Easy Peasy Finance.
A little bit about me: I have been fascinated with the world of personal finance since I was 6! I love to read personal finance books, and keep myself updated on the latest by reading various personal finance magazines. My friends often ask me questions about finance because they find it complex and intimidating. That’s what inspired me to start my YouTube channel called Easy Peasy Finance when I was 8, and this podcast 2 years later.
All about the very basics of finance: what is earning, spending, saving and investing – and the relationship between these. Show notes and transcript at: https://easypeasyfinance.com/earning-spending-saving-and-investing/

