Money Week at School

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.

SAMSUNG CSCWe 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.

SAMSUNG CSCI 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.

SAMSUNG CSCI 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.

SAMSUNG CSCTo 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?

This post is linked up with:

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22 thoughts on “Money Week at School

  • It’s never too early to start teaching kids about money! What a great teaching idea the school has! I think there has to be more of that at school and home! I usually give my children a budget or they would need to do chores to earn their pocket money. I might use some of what you posted – thanks! #abitofeverything

    • ReimerandRuby

      Yep thought about that too when they’re a bit bigger, if they want to earn money, they work for it… great idea!

  • It’s never too early to teach children about money as, hopefully if we get them into good habits when they’re younger, it’ll help them when they’re older. What fantastic ideas!

    • ReimerandRuby

      I totally agree with you! That’s what we parents are for, to guide them on all things, isn’t it?! Thanks!

  • This is a great thing to do with young children. Its amazing how many teens and even older young adults have no concept of budgeting. I use to get my boys to save money each week from their pocket money for things they wanted as a way of getting them tounderstand budgetting.
    Thanks for linking up, Tracey #abitofeverything

    • ReimerandRuby

      The younger they start to learn the concept of money and budgeting, the better I think as they will make it as a good habit as they grow older.

  • That’s a great idea, I love that they had to use real receipts, it really brings the worth of money home to them. Fab post #KCACOLS

    • ReimerandRuby

      It’s more realistic I think using real receipts as they know how things costs too. Thanks for dropping by!

  • It’s really important to reach Children the importance of money and where it comes from ‘not the money tree’ as my eldest used to think when she was younger. It’s helpful for children to learn how much things cost – my 10 year old earns pocket money for chores she does around the house, she saves it all up until she see’s something she likes then she works out if she has enough or how much more she needs to earn. This way she understands the value of money (to an extent). Thanks so much for linking up at #KCACOLS. Hope you come back again next Sunday.

    • ReimerandRuby

      I think that’s a great way for them to learn how to value money, teaching them how to save up and appreciate the thing that they bought out from their savings. The earlier they start the better so they’ll get to learn a good habit. Thanks for dropping by and for your lovely comment!

  • I think it’s so important to teach kids about money and how to handle it and keep an eye out for budgeting and what to do even at a young age. Sounds like he is doing great. Thank you ever so much for linking up to Share With Me. I hope to see you again tomorrow for another great round up and hope you have been enjoying the blog hop. #sharewithme

    • ReimerandRuby

      Totally agree with you! Since I started blogging, joining linkys has been my favorite part, getting to know more bloggers out there!

  • These are such a great activities. I love his smily face lights up at the end of counting all the coins. I will defiantly be using these activities when I teach Ethan about much soon! I have also pinned this. I hope you don’t mind. 🙂 Thank you for linking up with me again. 🙂 x #FabFridayPost

    • ReimerandRuby

      Yes he was so keen sorting the coins, I don’t know if it’s a good or a bad sign, lol. Thanks for pinning my photos.

  • Very good, thanks for posting!

  • Hey thankyou for posting, I found this informational. 🙂

  • Thanks for posting! 🙂

  • Thanks for posting! 🙂

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