If you have a 9 to 12 year old...

What are some questions your child has about money, or some things they'd like to know about the topic? I was asked to do a presentation for Girl Scouts and will allow for Q&A from them but I want to make sure I'm giving them what they want to know.

TIA.

Re: If you have a 9 to 12 year old...

This is from Forbes:
Basic money vocabulary is a good place to start. By age 5, Ritter recommends teaching your child the following terms:

Savings Goal – a savings goal has three elements: (1) what you want to buy, (2) when you want to buy it and (3) how much it will cost at that time.
Bank – a place that helps us safely store, organize and manage our money
Check – a way to pay for items where we write a note asking our bank to send our money to someone to pay for our purchases
Bills – notes letting us know how much we owe for our purchases
Trade Off – A decision we have to make when we are considering whether to save for something or spend our money
At age 10:

Interest – money you are paid for lending your money or an amount of money that is added to money you borrowed
Loan – money that’s borrowed and is expected to be repaid, usually with added interest
Time Horizon – the amount of time that you will save for a big purchase
Inflation – a general increase in the price of goods and services over time
Taxes – money that we pay to the government to help pay for public programs and necessities.
By age 15, teach your children the definitions of:

Investing – putting money into assets (like stocks, bonds, mutual funds, etc.) to help you reach your financial goals.
Asset Allocation – how your money is divided among asset classes such as stocks, bonds, and short-term investments
Diversification – spreading your money amongst various types of investments within an asset class (different kinds of stocks and different kinds of bonds)
Stock – a share of a company that is sold to the public
Bonds – an IOU issued by the federal government, state governments, or corporations in which you earn interest, and receive your investment back at a later date

Re: If you have a 9 to 12 year old...

http://www.moneyasyougrow.org/

Re: If you have a 9 to 12 year old...

Most kids ask questions based on the content of the presentation or conversation. I mean.. if I talk to my kids about what I do at the bank they will ask how they can get their own account, if they will get a debit card, how much they are allowed to take out each day, when they will be old enough to have their own checkbook, and things like that. If I talk about interest, they will want a plug and play formula that will allow them to input a number and see what their return will be based on that number (they’ll plug in what they have – or what they think they’ll have after their birthday- or some fantastical number that they pull out of their azz..). If I talk about credit cards they will want to know when they can have one, why I think they are a bad idea and again will want an algorithm with regard to how to know exactly what they will owe IF.. ie: “If I use a credit card to buy a parrot that costs $1000, how much do I have to pay every month and how much will I wind up paying for it after 10 years?”.