Get authentic, complete textbook solutions for DAV Class 5 Moral Science Chapter 7: The Value of Money (Child & Family – Thrift). Understand the story of Rajan and his wise father, learn the difference between thrift and extravagance, and explore comprehensive solved textbook questions aligned with the DAV CMC curriculum.
Story Summary: The Lesson in Thrift
Money represents the sweat, time, and hard labour of our parents. Learning the habit of thrift early in childhood prevents financial distress in adult life. The proverb reminds us: “A penny saved is a penny earned.”
The Story of Rajan and His Father:
Rajan was an only son, lovingly pampered by his parents who fulfilled his every whim. As he grew up, he turned into a reckless spendthrift, squandering his father’s hard-earned wealth. One day, his father told him that while the family property would eventually be his, Rajan must first prove he could earn money independently. Rajan accepted the challenge, searched tirelessly, found a job, and worked diligently for a month. When he proudly handed his first monthly salary to his father, the father without a word walked out and threw the entire money down the steep hill. Rajan was shocked. The next month, when Rajan brought his second salary, his father did the exact same thing. Furious, Rajan cried out: “I work so hard day and night to earn this money, and you just throw it away!” Smiling gently, the father replied: “Now you realize how painful it was for me when you carelessly threw away my hard-earned money.” Rajan felt deep remorse, apologized, and never wasted money again.
Thought of the Day: “No boy will ever succeed as a man who does not in his youth begin to save.”
Textbook Exercises & Solved Questions
A. Answer These Questions
Q1. What do you do with the pocket money you get?
Answer: I do not waste my pocket money on frivolous snacks or unnecessary toys. I save the majority of it in my piggy bank or junior bank savings account, and spend only a small part on useful books, stationery, or aiding someone in need.
Q2. Do you agree that one should spend money carefully?
Answer: Yes, absolutely. Spending money carefully ensures financial security, cultivates self-discipline, prevents debt, and ensures that funds are available during sudden emergencies.
Q3. What was the lesson that Rajan’s father wanted to teach him by throwing away his hard-earned money?
Answer: Rajan’s father wanted him to experience firsthand the emotional distress and indignation of seeing one’s sweat, hard work, and labor squandered mindlessly. By doing so, he taught Rajan the true value of money and the sacrifices parents make to earn it.
B. Piggy Bank & Savings Activity
Do you have a piggy bank? What will you do with the money you save?
Answer: Yes, I have a piggy bank where I regularly deposit my pocket money and monetary gifts received from elders on birthdays and festivals. With my accumulated savings, I plan to buy informative reference encyclopedias for my studies and donate a portion to purchase notebooks for underprivileged children.