When you are a thrifty momma or just a momma in general, you want your children to learn about money, it’s value and how to manage it. Teaching new things are never quick and easy. You should always break it up into segments to give them time to learn and retain the information. Build on their knowledge as you go. Money is a basic necessity whether they will use coins and bills later on as an adult or if they use cards only. They need to know the value of money and how to figure out totals and what prices mean. Money is important.
We started teaching our daughter when she turned 2. She is learning more and more each day. Don’t rush them and make it fun. Have them touch and interact with the money as you are teaching them. Hands-on learning helps retain the information.
Steps to Teach Children about Money:
- Teach them what they are called.
- Teach them the different sizes and colors.
- Teach them how much each is worth.
- Teach them paper money names.
- Teach them how to sort paper money by president face and/or numbers.
- Teach them the value of the bills.
- Teach them how to add money.
- Teach them how to shop with money.
- Teach them how to save money.
- Make sure you use real money when teaching so they don’t get so confused. With paper money, I understand using fake money, but you want to make sure it looks pretty real. We use real money for $20 bills or less.
You can make this fun in many ways. My daughter loves to help daddy put away his money every night when he comes home. She knows it isn’t hers even, that we are saving this money. She helps name, sort and put into coin rolls. She is only 2.5 years old. She hardly ever messes up and when she does, we just tell her we need to fix our money and start over. She is completely fine with playing longer with money! Ha Ha.