Money doesn’t grow on trees…but where does it come from?

Some of you get money as a gift for your birthday or Christmas. You may also get money for doing chores around the house, or for getting good grades in school. Some of you get extra money when the tooth fairy comes after a tooth falls out.

Grown-ups earn their money at their jobs, by making goods or providing services. They get paid to work at places like hospitals, restaurants, stores, and offices.

Just like people years ago traded animals for the things they wanted, grown-ups trade the time they work for money. They get a paycheck for the value of their time, then deposit their check into a bank account.

If they take money out of their account, it means they are making a withdrawal. You can only take out money that you have deposited, so if you have $5.00 in the account, the MOST you can take out is $5.00. If you have $20.00 in your account, you can take out up to $20.00. But you can never take out more money than you have put in your account.