Learning About Money

In preschool, it is important to begin teaching children about money through fun activities. In dramatic play areas, children pretend they are going to the store, handling money in a restaurant or saving money in a bank. Introducing coins and placing values in the preschool and pre-kindergarten classrooms creates an understanding of real world applications. Giving children a head start with money skills is crucial.

You can also use these ideas to start teaching your children about money at home:

• If your children want a toy, have them learn to save for it. They can use money they “earn” from chores, money from the tooth fairy and gifts;

• Use the grocery store as a classroom. Children can learn about the cost of items, measurement, sizes and more;

• Be careful when discussing money at home. Children may hear those tough conversations about bills, and they can pick up on the stress that may accompany them;

• Teach the graciousness of giving. Have your children put aside some of their wish jar money to help others in need;

• Ask the children’s grandparents to help. Instead of buying their grandchildren lots of toys, ask them to provide some funds for the wish jar;

• When your child is in school, take a trip to the bank and have your child set up a savings account.

Learning about money and money management early in life will help your child be more responsible in the future.

Submitted by Nicloe Bigham, Owner of The Goddard School, Verrado resident