Even if you don’t remember much from your high school math classes, you know that pizza is a circle and the best way to divide a circle is by using math. (Hopefully, that didn’t kill your appetite😁)
Life is like a huge box of pizza.
Let’s start by looking at the whole pizza. We’ll say this is all the money you have earned. Each slice represents how your money is divided. Many of you might be thinking about how to use pizza to learn about money?
Teenagers like you are visual learners; whether they’re 5 or 15, pizza is good, and it’s a good way to visualize spending. But, once you eat it, it’s gone. Similarly, once you spend all the money, it’s gone. That’s why we Budget!
You can learn about compound growth in simple terms like this. If you save or spend less and invest at a young age, it’ll pay off in the long run—big time.
How to use pizza to learn about money?
So we all love pizza, but we can also learn from it.
- Focus on the things you can control: Making pizza in an outdoor oven is impossible on a windy day. You can have everything right – the dough, the sauce, the toppings, but if the wind keeps blowing out the flame in the pizza oven, you’ll end up with a soggy mess. When it comes to money, it’s important to focus on what we can control: Have you set goals based on your priorities? Is your savings strategy aligned with what you want to buy? Are you minimizing your cravings? We can’t control what we want to do from day to day, but remaining focused on what’s important and staying true to your strategy for the long term will generate the best results.
- Ask for help: One must research everything. For example, you want to make a pizza at home. You will check out some recipes from You tube or will seek help from your parents, siblings or friends. Similarly, if you want to learn about money, you need to seek help. It could be educational blogs or having a discussion with your parents. If you are hesitant to talk to your parents about money, read this.
- Patience is a virtue: When making a pizza. First, figure out the ingredients that best suit your taste. Then, give your dough the time to rise. The homemade sauce tastes better the next day. Finally, let the pizza oven get nice and hot. Rush any of the steps, and get a less than optimal result.
- Enjoy the journey: You will learn what not to do and how to improve with every soggy or burnt crust. It will keep you moving in the direction of your goal. Similarly, life always has ups and downs; it’s never a straight path to the finish line. However, once you have set your goals, keep learning and improving.
Eat pizza, learn money.
As you learn how to budget, you’ll know how much things cost and the more you talk about it while you’re with your parents, the more mature you’ll be when they grow up and start paying for more on your own. No surprises here!
You can use the Fyp app to learn about smart money management and investing. Until and unless you don’t manage money yourself, you will not be able to learn budgeting.
Also, have you ever listened to the Marshmallow experiment? This experiment states that the kids could either enjoy the marshmallow or wait a brief period to get two snacks. This art of delayed gratification can help you in money management.
So, which 🍕 you are having today??