Follow your Money

Follow your Money

Who Gets It, Who Spends It, Where Does It Go?

Book - 2013
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What happens to your money after you hand it to the cashier? You pay for that cool pair of shoes or a new CD. But what happens to that money once it leaves your hands? Who actually pockets it or puts it into the bank? This lively, kid-friendly book answers these questions and more: * Why are designer jeans so much more expensive than no-name ones? * Why does a burger cost $4.50 when the ingredients only cost $1.38? * How do credit cards work? Discover the trail your money takes as it goes to pay for everything including the raw materials used to make a product, the workers who produce it, and the advertisers who promote it. Humorous illustrations demystify the process by providing a visual breakdown of all the elements involved in monetary transactions. Accessible and fun, Follow Your Money is a vital introduction to the way money flows.
Publisher: Toronto ; Vancouver : Annick Press, c2013.
ISBN: 9781554514809
9781554514816
Branch Call Number: J 330 SYL
Characteristics: 56 p. : col. ill.
Additional Contributors: Hlinka, Michael

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SPL_Childrens Nov 14, 2013

When you buy a pizza, a pair of shoes, a video game, a cell phone or a movie ticket, where does your money actually go? What are the costs involved in creating that product, and who will be paid with your money? Who will get most of that money?

Was the price of that product fair … or was it overpriced? Why, for example, is a burger priced at $4.50 (or more) when the ingredients only cost $.62?

Why do things cost what they cost?

Canadian authors Kevin Sylvester and Michael Hlinka introduce young consumers to the way in which money flows in our consumer economy, and they follow the path of that money as it pays for everything involved in manufacturing, marketing, transporting and selling a product. (Some of these costs are obvious, but some are quite surprising.)

The authors also address how product taxes work, why designer products cost more, what happens to money when it’s deposited in a bank, and whether it’s a good idea to get a credit card.

Using an easy-to-follow format and relevant examples, Follow Your Money provides an interesting, informative and much-needed introduction to money plus savvy consumer advice for Canadian tweens and teens. Readers will be better equipped to make informed financial decisions (eg. how to save money when buying a cell phone).

Financial literacy is always relevant, but particularly so in November, which is Financial Literacy Month in Canada.

Kevin Sylvester is an award-winning children’s author, cartoonist, illustrator and CBC Radio broadcaster, and Michael Hlinka provides business commentary for CBC Radio.

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SPL_Childrens Nov 14, 2013

SPL_Childrens thinks this title is suitable for between the ages of 9 and 14

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