Teaching your kids about money

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Teaching your kids about money

Post by star-little » Thu Aug 13, 2020 7:58 pm

Children as young as three years old can grasp financial concepts like money management. The sooner parents start taking advantage of everyday teachable money moments, the better off our kids will be. Start with the function of money: https://learning.covoji.com/economy/what-is-money/

Lesson for kids:
  • Playing a matching game to help them identify different coins.
  • Teach them the value of coins and encourage them to save their coins in a piggy bank.
  • Playing store or restaurant with pretend money
  • Play money games that encourage learning. Board games, online games, and homemade games are all possibilities.
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Re: Teaching your kids about money

Post by AmberP » Thu Dec 31, 2020 10:16 pm

I'm really glad I found this discussion. I bought my older son a book called "A Dog Called Money", he really liked it. I think I'm going to spend more time on it in the new year.

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Re: Teaching your kids about money

Post by AureaRea » Tue Feb 16, 2021 7:29 pm

I do this to my child as well!! My daughter has a toy cashier at home and she loves learning more about money. Gladly, she gives me the right amount of change when I buy from her grocery. In real life, she also enjoys saving up on her piggy bank. When we go to malls, I also tell her that she can't buy everything that she wants because money needs to be worked hard for and that it is important to save. I'm glad she understands it and that she's not the type to throw tantrums when not getting what she wants.

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