Money... Is this something you’re going to discuss with your little kids at home?
Well, at home we do talk about it every now and then when a circumstance calls for it. For us, explaining to the kids that mum and dad needs to work to earn money or coins (the common term they call it) so we can buy food, clothes, pay for bills like electricity, gas, mortgage and the list just goes on and on… They might still be too young for this topic though, but we should never underestimate the intelligence of the kids. Spelling out to them the significance of money will gradually make them understand and open up their little minds that money is not acquired with just a snap of a finger (which they thought it is as they constantly demand to buy nonsense stuff), that one needs to sweat to earn it. Hence, once one have money, one should consume it wisely and not extravagantly.
Last week was Money Week at School where Reimer goes. They were given homework tasks that the kids can try in the course of the week that will encourage them to learn about money.
Here are the 4 tasks that we had chosen to do at home:
1. Collect receipts from different shops and display in order of amount.
We collated all our receipts old and new that I managed to find in the house. I laid them down in the table and encircled the total amount of shopping per receipt. Obviously, he’s not too familiar with big numbers yet so I helped him arranged the receipts whilst explaining to him that some shopping cost a little, others cost a lot. He was even shocked by the biggest amount of shopping which is more than £100. This activity teaches him about numbers, prices and shopping costs.
2. Design and make your own money box.
I helped Reimer with this one, got a used empty box, wrapped it with an A4 paper and asked his dad to cut out a whole on the top to make a coin slot. Then Reimer did the final design of the top. He wrote his name on it, made some rainbow and couple of drawing, which to be honest I can’t figure out what, lol as I just left him to it. However, he was so proud of his money box design.
3. Put some different coins in the bag and get your child to work out how much money is in the bag.
I took my purse and put out some coins from it. I taught him how to identify each coin where he actually learned so quick by looking through the face of the coin. After writing down the amount per coin and laying all the coins on the paper, I then helped him compute how much coins we’ve got in total and then placed it in an envelope instead of a bag. This activity teaches him to recognize coins/money and adding numbers too.
4. Gather up 1ps and 2ps from the families pockets. See how long a line you can make and then count how much money there is.
To make this tasks easier and less hassle, I just asked him to open up his coin bank where there’s loads of 1ps and 2ps on it. I’ve asked him to line up the specific coins we only need and count them and then placed the rest back to his coin bank. He was overly enthusiastic about this while learning how to count and segregate coins.
I think teaching kids the value and importance of money will hopefully help them become more prudent and have a great sense of financial responsibility as they grow, although there’s no assurance of it. However, as a parent we can only hope for the best, aren’t we?
Have you taught your kids about money too?
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