Lesson 1: 6 Lessons Every Girl Should Learn Early

In- Depth Explanation

-(Money doesn’t grow from trees, learn where it comes from)-

Money is earned, not magically produced. It's important to understand that money is the result of effort, time, and work. Whether it's earned through a job, business, or creative skills, knowing where money comes from teaches respect for it. When people understand how hard it is to earn, they're less likely to waste it.

Example: When a child earns $10 by helping around the house or mowing a lawn, they begin to understand the value of money better than if they were just handed an allowance.

-(Save first, Spend later)-

This is the golden rule of smart money habits. Instead of spending all your money and saving what’s left (which is often nothing), put aside a portion before you start spending. Saving early creates a safety net and helps build wealth over time.

Example: If you receive $100, try saving $20 right away. Over a year, that adds up to $1,000 if done consistently.

-(Know the difference between “wants” and “needs”)-

Needs are things you can’t live without — like food, shelter, clothing, and medicine. Wants are extras — like designer clothes, video games, or eating out. Knowing the difference helps you prioritize your spending and avoid unnecessary debt.

Tip: Before buying something, ask: “Do I need this to live, or do I want it because it looks fun or cool?”

-(Make a simple budget)-

A budget is a plan for your money. It shows what’s coming in (income) and what’s going out (expenses). A simple monthly budget helps you stay in control, avoid overspending, and reach your financial goals.

Example budget categories:

• Income: $500

• Savings: $400

• Fun/Entertainment: $100

-(Be smart about borrowing)-

Borrowing money (through credit cards or loans) isn’t always bad — but it must be done wisely. Only borrow what you can afford to pay back, understand interest rates, and never borrow for things you don’t truly need.

Example: Using a credit card to buy groceries is okay if you can pay it off in full by the due date. But racking up debt on wants, like the latest phone, can trap you in a cycle of interest payments.

-(Money=Confidence and Freedom)-

When you manage your money well, you gain control over your life. You don’t have to live paycheck to paycheck, and you can make choices — whether it’s traveling, quitting a toxic job, or starting your own business. Financial literacy gives you the confidence to make smart decisions and the freedom to live on your own terms.

Key point: You don’t need to be rich to feel free — you just need to be in control of your finances.