I remember whenever I demand money from my parents a dialogue comes “money does not grow on trees” that time I do not realize but when I started earning, that make me realize the value of money.
The world is more about money. Our survival and desire, dreams depend on money in some or other ways. Money is an essential part of life, and it’s never too early to teach your children its value and the importance of saving.
It is important in early age children to cultivate respect for money.
I’ve found activities to help kids become familiar with the purpose and value of money. let’s make the Concept of money little easier for kids
Five fun activities to teach kids about money
1. Introduce to a piggy bank
Make it interesting gift your little one a cute piggy bank and explain what child has to do with it.
Have an introduction with coins and let them count on their own. Give kid pocket-money and make them save money in their new friend tummy who is hungry for money. Every month end or whenever you are a convenient chosen date, open the piggy banks and count the savings. Make a record, to encourage your children to save more.
The first step of money introduction will teach your children the importance of saving and counting money.
2. Money Games
Junior Monopoly is a good fun game for kids aged 5 to 8. It’s opportunities for kids to learn about money, about giving change, about simple addition and subtraction
Hasbro Monopoly Electronic Banking Board Game, Game of Life, payday is a good fun game for kid 8 to adult 40 that clear the concept of money in a fun way. You can buy at Amazon.com.
3. Coin collection book
Coin album challenge kids to seek out both old and new coins to start their own collection and develop a lifelong love of coin collecting.
Introduce coins from small to big denominations. When they are familiar with coins use on daily basis coins then introduce to old coin and next step coin from other countries as well that make them learn the not only value of coins but also can learn different country currency.
4.Familiarize them with the bank
Take your kids to the bank and open savings accounts in their names.
Having their own bank account will give your children a feeling of achievement which could even motivate them to save more.
5. Let little shopper shop
A piggy bank should not only remain for storing or saving money but let the kid purchase for themselves. Let them decide what they want? How much that thing cost for? Let them know what they have saved and can they buy in that the particular thing they want. They will learn how to save? Their unnecessary demand will finish.
Lately, my daughter collects money from Navratri puja and she was so excited. She keeps on counting again and again. Then on another day, I told her that we will calculate total money and save in her account. She was so excited. I have given her a task. Given her blackboard and ask her to count and separate 10,20,50,100 denominations. Write them on board how much total money you have.
In bank slip also we have to fill how much amount we are depositing. This becomes easy for me too. I have taken her to the bank and show how money is deposited. She again flooded with the question. she learns about saving and bank.
Her cutest thing she said from the saved money, she will buy a gift for his brother birthday. This also states how much she loves his naughty brother too.
This will soon make them realize that money is not a piece of paper. It has a lot more value they think.
Hope this will help you to make your kids learn about money, saving. Do let me know these tips really help you or you have more tips to share.