How to Teach Kids About Money – Get Ideas That Really Work
There comes a time when parents with children begin to read books and decide how to teach kids about money. This is not just one simple conversation that you have with your child, but is an ongoing process.
There is no one “book” to teach from and there is no universal method that will fit every child. You’re dealing with different personalities, comprehension levels, as well as the ability to learn.
The best ways to engage kids in learning is to make it fun, and this is why money games for kids can be very successful. Kids are no different than adults. They lose interest, their mind wanders, and they become sleepy when lectures are boring and without much interaction. Many alternative schools have learned the value of the importance of child participation and making learning fun. Even though education is serious business that does not mean it has to be boring and stuffy.
Boring and stuffy; that is how many people feel about money management. What if you grew up learning about money in a fun way? Then when you began to learn money management skills at an early age, dealing with money later on never became a boring chore. This is how we should be teaching children. Children should be excited about money so they grow up into adults excited about dealing with money.
This article is dedicated to fun money games for kids. Kids can begin using money in counting games as early as 3 and 4 years old. This starts them off early and gets them headed in the right direction.
Fun Money Games for Kids –ages 5-10
A glass jar game. Have your child pick a toy they want and write down the cost of the toy next to their glass jar. Tell them they will receive coins in exchange for small jobs. View full post…
How to Teach Children About Money – Be Sure to Start Early
There are many opinions both pro and con regarding the issue of how to teach children about money. Many experts in child education recommend that you pay them an allowance and feel that by doing so, you will help to teach then to be financially responsible.
Another opinion from child development experts that appears to be just as strong, makes their case by stating that just the opposite is true. Now that we as parents are confused, and quite frankly don’t know who to believe, what do we do?
We can’t say who is right or wrong, because we as parents have an opinion as well, that may have been influenced by our upbringing. For the purpose of this article, we will present the opinion of the pro-allowance group and in a future article, those in opposition.
It’s quite evident that teaching kids about money as well as the importance and need for money, should be done as they observe their parents using it. One of the best methods to teach a child about money and the value of a dollar is to show them the different ways a dollar is used, and it’s a good idea to begin when they’re young. Many understand a lot more than you realize.
Not only should we be teaching kids about money, but more importantly, they need to understand that money is earned, and not simply given for whatever reason. Items that we need in every day life, whether they be a product or a service, are exchanged for money, with the value of the exchange determined by the seller or provider. The only way that a product or service can be purchased without money, is to View full post…
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