Hello friends,
I remember whenever I demand money from my parents a dialogue comes “money does not grow on trees” that time I didn’t realize Why they say so 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 kid 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.
1. Counting Coins
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.
good ideas to make kids money genius..:) I will follow your tips
These are quite some interesting tips on how to make kids save.. my also introduced piggy banks at early age. But I have step by step define how to use it.. which is great
Those are some ideas. These will definitely inculcate a habit of saving money in children, also making them conscious of the expenditure. Good one!
I love the way you have brought out some amazing ways to educate kids about money awareness. I do sometimes give my daughter a budget and let her do some smart shopping.
That is indeed a very sensible topic which most parents miss teaching their kids about. Good tips!
I remember my first piggy bank… Really great idea to teach a child about saving. Opening a bank C punt for them is the next step. Fab post
Its really important to make kids realize the importance of money. Your tips are so helpful and actualky the topic by itself is quite important
It is really important to make your child swear of money. You have shared some great ways to introduce it.
Great post..hope all these activities will make the kid money genius! 🙂
Thats so convenient, I love the rent concept. I will surely try out rentomojo
very nice and important topic. kids want everything at the drop of a hat and don’t really understand the value of money. this way we can introduce them to money.
Wow amazing learning activity for kids
Amazing and informative post. Very useful and beneficial tips for managing kids money.
This was very informative
Wow covered such a good topic.loved reading it. I will start following these
you have written it so nice… and its actually an important point
Nice and interesting way to teach children in fun way
This is so helpful and right. All parents should follow this & make their children learn this way. I remember even my parents had given me piggy bank & how I use to collect & save money.
This sounds so awesome.
Innovative ideas for teaching kids the value of money. U have rightly written it’s important to convey n inculcate these habits.
Love reading ur blogs 🙂
This is amazing