Business and Money Math Help for Kids

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Learning math and how to handle money are some of the most important skills you can learn. You might not think that learning about money is fun, but you need to know this stuff for when you’re older, because every grown-up uses math in their life every day. Of course, it’s also important to work to be good at math because you’ll get better grades in school, and that will help you do better in school later on and even to get into college. But once you’re all done with school, you’ll need to use math for things like saving money, budgeting, and paying off debts. You might also need math in your work life. Most jobs require their employees to know some basic math, and some jobs, like running your own business, require you to know a lot more than the basics: You’ll need to be really good at managing money and keeping track of where it goes.

Even if you don’t own a business, you might need math to do all sorts of different types of jobs, from being an artist to an engineer. For instance, people who design buildings are called architects. Architects have to use math in their drawings, called blueprints, to make sure that the buildings they create will be safe and stay standing and that the builders who will create them have good instructions to be able to build them. Math skills are also important if you want to become a chef or a baker someday. Chefs and bakers both rely on math because they have to measure ingredients to make sure their recipes come out the way they want. If you want to be a fashion designer, you should know that fashion designers use math to take measurements of the people who will wear their clothes. They use these measurements to make sure the clothes fit. Another career that relies on math is engineering. Engineers design and build machines. Getting a machine to work can be very tricky, but it also involves math. Many computer-based machines run using computer programs, and computer programs are partially based on math.

You might want to own your own business someday, or maybe you just want to work at someone else’s business. Either way, knowing how to manage money is really important. Owning your own business comes with a lot of responsibility! The success of your business and your employees’ pay depends on you. You need to be able to manage your workers and your money and keep your customers happy. One of the most important ways to make managing a business a little bit easier is making sure you have planned out and stick to a budget, which is a plan that shows how much money you’re making and how much you need to spend. This can be a tricky skill to get the hang of, but once you do, you can use it in your own life, too. Budgeting your money when running a business is important because you need to be able to buy supplies to make your product, rent a building, and pay your employees. If you do not carefully plan how you spend your money, you could run out very quickly and have to close.

Math can be a bit confusing, and learning how to run a business can be hard. However, if you practice, you will get better. If you work on your money skills in school and at home, you’ll be setting yourself up for success!