The Wooden Box (Banking)

Keywords: Banking, Banks, Children, Finance, Kids, Kids & Finance, Money, Money & Children, Money & Kids, Money & Women, Quin, Woman, Woman & Finance, Woman & Money, Women, Women & Finance

Categories: Kids & Family

Published On: Aug 29, 2009

Last updated on:: Aug 29, 2009

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It’s eight o’clock in the night. Pie is packing her school bag. She is about to switch off the lights of her room when the door bell rings. Her mama opens the door. It’s Jia. She is crying!“O! Why are you crying? What happened?” Pie’s mama asks. Pie hears this and comes running out of her room. Jia says, “I have lost my money.” She had 200 rupees which she had kept in her little wooden box. She had got this money from her Papa for getting good marks in class test.Pie’s mama asks, “Did you look for it on your table and in other rooms?” Jia said yes. Then Pie asks if she asked her mama and papa about the money. Jia says they have gone for a party. Pie tells her not to cry. They will search for the money.

Then she says that Jia should tell her Papa and Mama to open a bank account for her and put her money in it. It will be safe there and will grow.Jia stops crying and says surprised, “It will grow?” Pie says yes.She will get a pass book, a cheque book, and an ATM card when she opens the account. All her money will be in one place and it will not be stolen. She can keep 50 rupees with her in her cupboard for emergency. Pie tells her that the bank will send her a bank statement. In this she will see how much money she took out or put in the bank. She can also see the date on which she took out or put in money. Jia says she will tell her parents to open an account for her in the bank.

The the door bell rings. It’s Jia’s Mama. She tells her mama about the money. Her mama says, “I put it in my cupboard in the morning. It will be safe there.” Jia is happy. But she says she will now keep all her money in a bank account. Her Mama says she will open an account for her.

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Karthik Swaminathan wrote at 03:02:26 PM on Sep 01, 2010

A nice way of stating an important message...

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David Einert wrote at 04:06:38 AM on Sep 02, 2010

Shruti,
Banks are somewhat safer than an wooden box yet sometimes wonder what would happen if we all bartered rather than exchange money. Banks make far more money off of handling our placed money than they give back to those who trust it in their hands. It is a very old business that really produces nothing and takes from most everyone. Yes I understand loans and interest, bonds, stocks which deal with money but they exchange not really hard exchange except for things that are used to back up loans as collateral. Without money and a bartering system banks would no longer be as they are today they would perhaps deal in bartering exchanges, a thought perhaps...
Dave

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