Let’s say that most of us like to give and receive gifts throughout the year. Part of our savings are sometimes put aside just for this purpose. How to budget ones income and how to set aside some money, even if just a little, is an important skill for schoolchildren to learn. Knowing how much income one has, how much of it is constant and how much is more unpredictable, and similarly knowing which expenses are constant and during which periods of the year one will have an increase in expenses, can help to plan ones budget and try to avoid periods where one has to get by with difficulty. So choose 5 points you want to make sure to teach to your schoolchildren or other children in your life so that they learn to manage their personal finances better. To get started go to http://mymoneybox.mfsa.com.mt/info/credit-debit-cards on the Consumer Classroom website for some practical information on the difference between Debit and Credit cards.