Lily loved sparkly things, Every Saturday she and her grandma visited the bustling market in their town. This week a dazzling pink sparkly unicorn caught Lilys eyes. It cost 500 pesos Lily had saved 200 pesos from her weekly allowance.

Grandma, look the cutest sparkly unicorn, I have to have it.

It's beautiful lily, how much is it?

500 pesos , I have 200 saved from my allowance.

A want, I guess  grandma.

Thats great lily, but is this unicorn a need or a want?

It's okay to want things lily, but sometimes wanting something doesn't mean we should buy it right away.

Think about it. Do you really need this unicorn, or it is something you just really, really want?

I have lots of toys already. I guess it's more of a want.

Exactly, Let's think about how you can get this unicorn. We can create a savings plan how much allowance do you get each week?

50 pesos

Perfect, if you save your entire allowance each week, How many weeks will it takes to save 300 pesos?

(counts on her fingers) Six weeks!

Thats right six weeks of saving and you'll have enough for the unicorn What if we add a little extra? Can you help me with some extra chores around the house to earn a little more?

Yes! I can help wash the dishes and water the plants.

Great, we can add that extra money to your savings.

Lily chose to save; grandma helped her create a simple budget. Lily wrote down what She wanted and how much she needed to save. Each week, she diligently put aside 50pesos of her allowance. Lily resisted buying less important things. She even helped grandma with chores to earn extra money.