What does Price mean? (for kids)
Price means what you must give to get something. Usually that's money. If the sign says "Air tebu RM2.50", the price of one cup is RM2.50.
Price is not the same as Value. The price is the number on the sign. Value is how much that thing is worth to you.
Easy example
At the pasar malam, two stalls sell keropok lekor. One sells a pack for RM3. The other sells the same size for RM4, but it comes with extra chilli sauce. Same food, different price.
Zara likes chilli sauce a lot, so to her the RM4 pack is worth it. Her brother doesn't take spicy, so he goes for the RM3 one. Both checked the price first, then decided. Smart, right?
Prices can also change. Durian is cheaper when there are lots of them in season, and more expensive when there are only a few.
Try it at home
Play "Spot the price" when you go shopping:
- Ask your child to find the price tag on three things they like.
- Ask: "Which one costs the most? Which one the least?"
- For older kids: "Is there a cheaper one that's just as good?"
Little kids don't need to add up big numbers. Just knowing "everything has a price, and we check it first" is a great start.
How this word grows
| Kindergarten | Primary | High school |
|---|---|---|
| Price | Price tag, Discount, Bargain | Inflation, Purchasing power |
Before: Saving 路 Next word: Borrow and Owe 路 All words: Money Words
Aik, Ami and Ben find out what things cost in Meet the Money Friends with Aik Vol 1. More books at bilibulu.vip.
Bilibulu is money education for families. It is not financial advice.
Keep reading
- Value
- Spend
- Fair and Deal
- Book: Meet the Money Friends with Aik Vol 1 路 Back to Money Words