Sunday, 26 October 2025

Teaching our kids the importance of saving, budgeting

 Hey, guess what? By teaching our kids the importance of saving, budgeting, and living within their means, we can truly break the debt cycle and provide them with a strong foundation for financial success in the future! This way, upcoming generations can be financially secure and ready to handle any financial challenges they may face.


List eight foods you regularly purchase.

Then...

Visit several supermarkets and dairies and record the prices of each item against the shop’s name. 

Calculate the total cost of the eight items for each shop and identify which offers the best deals.

Consider the following questions:
• What are the advantages and disadvantages of each shop?
• Why do you prefer shopping at a particular store?
• What stops you from shopping around?
• If you avoid value or lower-priced items, is it due to public perception or the appeal of the products?
• Would the prospect of saving money encourage you to change your shopping habits?

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