Jul 05
Tips for Teaching Kindergarteners and Elementary School Students
Teach Kids about Money Add commentsDevelopmental Characteristics
- Save for something they want
- May spend to follow trendy items of peers
- To some extent understand how much money will buy
- More interested in having money
- Try to figure out ways to earn money
- Understand the difference between needs and wants
- Understand that money is limited
- Use math skills to keep track of expenses
- Need guidance to understand the value of things
- Imitate parents’ spending habits
- May not correctly name coins and bills
- May not understand check
- Does not understand the relationship between cost and price
- Cannot say no to spending impulses
Suggested Teaching Activities
- Open a savings account for kids
- Explain how interest works
- Discuss the difference between needs and wants
- Post a family wants list to show that not all wants can be purchased
- Establish a spending plan including wants, prices, earnings, money to save, and spend
- Find tasks kids can earn money
- Teach kids to check prices online or catalogs before buying
- Compare prices while shopping
- Have kids use coupons and give them the amount saved
- Allow kids to choose items sometimes when shopping together
- Allow school-age kids to make purchases at a real store
- Have kids bring lunch money to school
- Practice math problems by using coins and different bills
- Explain bills and sales receipts
- Have kids figure out expenses for their projects
- Establish rules including interest for borrowing from parents
- Read books and magazines for youth consumers
Related Posts
- Tips for Teaching High School and College Students
- Tips for Teaching Middle School Students
- Tips for Teaching Preschoolers
- Teaching students in accordance to their aptitudes and abilities. — Confucius
- Age-based Tips for Parents to Teach Kids on Money
- What are the Most Popular Majors for College Students?
- Teaching a Baby Good Habits
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