Who Needs Money?

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Part 2: Who Needs It?

Your family might pay some bills using barter, however. They might pay the kid who mows their lawn with a plateful of cookies. Another example of adults using barter is a man who does the landscaping (taking care of the grass and trees) for a bicycle company, who pays the man by giving him a bicycle. The company didn't give him any money, but they gave him something he can use.

If you look hard enough, you can probably find many examples of barter in modern life. But you have to look. It's far more easy to list the number of times that you need money.

Paying bills is a must. If you don't pay your bills, you can get in big trouble.

You'll also need money (in most cases) to buy food, a roof over your head, and some form of transportation (like a car, a bicycle, or a bus pass). Your friends might take baseball cards as payment for something you owe, but the bank manager won't. Neither will the clerk at the grocery store.

That's why the answer to the question, "Who Needs Money?" is "Everybody."

First page > What Is Money? > Page 1, 2

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Social Studies for Kids
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David White