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How To Teach Financial Planning With Candy

October 28, 2021

Sugar has an amazing effect on a child’s brain. Left unchecked, some children will eat until they are sick, and others will escalate into a sugary high of hyperactivity, silliness, and even tantrums and tears. However, some children try to put some candy aside and save it for weeks and even months later. When teaching the topic of saving versus spending, you can use candy to introduce budgeting skills.


Halloween has some great life lessons. Children who learn the art of “budgeting” their candy can learn secrets to effective wealth management in the future.


Secret #1: Budgeting your candy wealth keeps you out of trouble. 


Parents sometimes confiscate candy if they see children sneaking off handfuls of those chewy Halloween toffees. People who restrain their impulses are more likely to have less debt, better credit scores, and cash when they need it. They pay fewer service charges for overdrawn accounts and have ready access to credit when they need it. They plan financial decisions properly and stick to the plan.


Secret #2: Budgeting your candy wealth allows you to get more enjoyment out of your wealth.


Have you ever spent a full pay cheque the same day you received it? Like a child who munches mindlessly while watching TV, candy can disappear very quickly and you wonder, where did it go? Instead, budgeting your wealth allows you more time to enjoy it.


Secret #3 Budgeting your candy wealth can bring you more status and power. 


Little siblings can be willing to do favours to get your candy long after theirs is gone. In a world where a lot people consume their entire income and more, we may have lost sight of the importance of saving. Even a small amount of savings can help you gain the status and power of having control over your finances.


Controlling the impulse to consume, whether sugar or dollars, leads to success in many areas of life. Like any symbol of wealth, the greatest joy is not in the consuming, but in the budgeting once you have accumulated a pile of sweets.