What do you know about magnets or magnetism? Magnets for Kids teaches you about magnets and how and why they work. People use magnets for more than just hanging up artwork and grocery lists on their refrigerators. In fact, the very center of the earth is made of two metals that cause a giant magnetic field! A magnetic field is the area surrounding a magnet. Let's see what else you learn!

Every magnet has a north pole and a south pole. A north and south pole will always pull toward each other, or attract to each other. If you try to take two magnets and face the north poles toward each other, they will repel. The same is true of the south poles.

There are a few types of magnets: temporary, permanent, and electromagnet. Temporary magnets become magnetized when a magnetic field is present. But they lose their magnetism when that magnetic field goes away. Permanent magnets, on the other hand, are made of materials like iron or nickel that are already magnetized and have their own magnetic field. In fact, the earth's core is made of iron and nickel, which is why it is magnetic.

Electromagnets are the last type. These magnets are created by running an electrical current through a coil with a metal core. The energized core creates a magnetic field. It stops working as soon as the electric current turns off. An MRI machine at a hospital is an example of an electromagnet. Other things with magnets in them include telephones, door bells, motors, and compasses.

We hope you and your student(s) enjoyed learning about magnetism and how magnets work! If you want to learn even more, head over to our website and download one of our many free lesson plans about magnets, full of activities, worksheets, and more!

https://learnbright.org/lessons/science/magnets/

What you will learn in Magnets for Kids:
0:00 Introduction to magnets
0:27 What is a magnet?
1:06 North and south poles of magnets
2:06 Three types of magnets—temporary, permanent, electromagnet
3:13 Where are magnets used?
4:04 Review of the facts

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As we discussed in the introduction video to this series, deciding between needs and wants can be tough. Financial Literacy—Needs and Wants explains the difference between needs versus wants. But it goes further and describes what opportunity cost is. This will help your kids learn how to make decisions, not between needs and wants, but wants and more wants.

A need, as you now know, is something that is necessary to your survival. Food, water, and shelter are needs because we have to have those things in order to survive. Wants include way more things because there are lots of things in this world that we don't have to have to survive. Toys, games, books, subscriptions to stuff. While it may be hard to decide between a need and want, sometimes it's even harder to decide between two wants.

Opportunity cost relates to decisions between wants. It is basically the cost of missing out on the option you do not choose. The video offers an example in which Frankie Finance has to choose between a pair of rollerblades she has saved up for and going to the movies with her friends. The rollerblades cost more than she has, but there will be a sale to bring down the price to one she can afford.

If Frankie chooses the rollerblades, she will miss out on a movie night with her friends. If she chooses to go to the movie, she will not be able to afford the rollerblades, which will be on sale for one day only. If she doesn't buy them then, she will not be able to get them. There is an opportunity cost tied to each decision. One thing you can do to help you make decisions like this is to create a pros and cons list!

We hope you and your student(s) enjoyed learning about the difference between a need and a want! If you want even more information, head over to our website and download one of our many free lesson plans about financial literacy, full of activities, worksheets, and more!

https://learnbright.org/lesson....s/math/financial-lit
https://learnbright.org/lesson....s/math/introduction-

What you will learn in Financial Literacy—Needs and Wants:
0:00 Introduction
0:32 Difference between needs and wants
1:39 Opportunity costs
2:01 Example of opportunity cost in action
3:19 How to decide between options

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As we discussed in the introduction video to this series, making a budget to balance your finances is a great way to ensure you have money for the things you want. Financial Literacy—Making a Budget explains how to create a budget based on your income and expenses. This will help your kids learn how to use a spending plan in order to use their money wisely.

Budgeting is a great skill to have that will help you learn how to save for something you want to buy. A budget is a spending plan to based on your income and expenses. In other words, it estimates how much money your earn and spend over time. Expenses can be either fixed or variable. Fixed expenses are the same every time you have to pay them. Variable expenses, well, vary.

To make a budget, you have to look are how much money your earn or receive as gifts (income). Then you look at your expenses. Subtracting your expenses from your income gives you the amount of money you have left over to spend on something you want. You must be careful to watch out for unexpected expenses though, which can put a dent in that budge of yours!

We hope you and your student(s) enjoyed learning about the difference between a need and a want! If you want even more information, head over to our website and download one of our many free lesson plans about financial literacy, full of activities, worksheets, and more!

https://learnbright.org/lesson....s/math/financial-lit
https://learnbright.org/lesson....s/math/introduction-

What you will learn in Financial Literacy—Making a Budget:
0:00 Introduction
0:36 What is a budget?
1:34 How to make a budget—income
2:20 How to make a budget—fixed and variable expenses
3:40 Accounting for unexpected expenses and contingencies
4:41 Try it at home!

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*Teachers and Parents! Did you know? In addition to these great videos, we have also created a library of high-quality and engaging lessons for your elementary aged student(s). Visit us and sign up for a free account, and you'll instantly have access to thousands of lesson plans, learning materials, teaching instructions, activities, and assignments that your kids will really enjoy! We hope to see you soon!

Browse our entire collection of Math lesson plans:
https://learnbright.org/lessons/?filter_subject=math

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