We are cashletes!

Today we had a financial personal trainer (PT) visit Room 9 to teach us about money, how to keep it safe and what we should do with it. We even found out that we can own an eftpos card when we turn eight if our parents sign for us to have one. We also learnt the difference between a credit card and an eftpos card. An eftpos card is our money but a credit card is the banks money and we have to pay it back. Just like if we borrow a pencil we have to give it back. Alex asked a great question so do we just pay that amount back? We learnt that you have a time that it must be paid back to the bank otherwise you pay interest on it. So like the pencil if you don't give that back in time you might have to give the pencil back plus a rubber or three pencils.We did some chores to earn some money and then talked about what to do with it and we decided it was best to spend some on me and save some too!

Saying our chant spend some on me and save some too!

Doing our chores to earn money.