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Earning, Spending, Saving and Investing: Financial Literacy for Kids and Teens

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:

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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.

Earning Spending Saving Investing - Financial Literacy for Kids
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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.

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Oh, okay. Is there anything else you wanna ask me?


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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.


Now that I have explained to you all these topics…

I’d like for you to tell me the differences

Earning Spending Saving Investing - Differences - Financial Literacy for Kids
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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

Earning Spending Saving Investing
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