Money maths or money concepts?

Hey there, money-savvy readers! Today, let's look at a topic that's crucial to grow little financial whizzes: the difference between understanding the concepts of money and doing money math. Yep, they might sound similar, but trust me, they're as different as pounds and pence!

Understanding the concepts of money is like knowing the basics of how money works in the real world. It's about grasping ideas like saving, spending, budgeting, and even investing. When kids understand these concepts, they can make smarter decisions about money and start building a solid foundation for their financial future. Think of it as the blueprint for their financial journey—setting the stage for all the money moves they'll make down the road. This is what The Hoard Book is all about - getting those concepts.

Now, let's talk about doing money math. This is where things get a bit more hands-on and practical. Money math is all about crunching the numbers, whether it's counting coins, making change, or calculating discounts. It's like putting those understanding-the-concepts skills into action, using math to navigate real-life money situations.

So, there you have it, folks! Understanding the concepts of money sets the stage, while doing money math brings those concepts to life. Together, they form a powerful duo that equips our kids with the skills they need to thrive in today's financial world.