Kids and Money

[:en]This month Preschool will hold Market Day.

Market Day intends to teach students about the concept of buying and selling. It’s never to early to begin learning about entrepreneurship.

Money lessons can be learnt  at an early age, below are some lessons for young children as well as activities to illustrate each point.

Ages 3-5

The Lesson: You may have to wait to buy something you want.

This is a hard concept for people to learn of all ages. However, the ability to delay gratification can also predict how successful one will be as a grown-up. Kids at this age need to learn that if they really want something, they should wait and save to buy it.

Money lessons at this age set the tone for later on. According to one expert, speaking of her own family, she says, “When we go into a store, if I say, ‘We don’t have money for this,’ they’re smart — they know we have credit cards,” So, she would say, “We’re here to buy a gift for X, and we’re not going to buy anything for you, because we’re not here for that.” Kids then quickly learn that going into a store doesn’t always mean you’ll buy something.

Some activities for Ages 3 To 5include;

1. When your child is waiting in line, say, to go on the swings, discuss how important it is to learn to wait for what he or she wants.
2. Create three jars – each labeled “Saving,” “Spending” or “Sharing.” Every time your child receives money, whether for doing chores or from a birthday, divide the money equally among the jars. Have him or her use the spending jar for small purchases, like candy or stickers. Money in the sharing jar can go to someone you know who needs it or be used to donate to a friend’s cause. The saving jar should be for more expensive items.
3. Have your child set a goal, such as to buy a toy. Make sure it’s not so pricey that they won’t be able to afford it for months. If your child does have an expensive goal, come up with a matching program to help her reach it in a reasonable timeframe.

[:zh]This month Preschool will hold Market Day.

Market Day intends to teach students about the concept of buying and selling. It’s never to early to begin learning about entrepreneurship.

Money lessons can be learnt  at an early age, below are some lessons for young children as well as activities to illustrate each point.

Ages 3-5

The Lesson: You may have to wait to buy something you want.

This is a hard concept for people to learn of all ages. However, the ability to delay gratification can also predict how successful one will be as a grown-up. Kids at this age need to learn that if they really want something, they should wait and save to buy it.

Money lessons at this age set the tone for later on. According to one expert, speaking of her own family, she says, “When we go into a store, if I say, ‘We don’t have money for this,’ they’re smart — they know we have credit cards,” So, she would say, “We’re here to buy a gift for X, and we’re not going to buy anything for you, because we’re not here for that.” Kids then quickly learn that going into a store doesn’t always mean you’ll buy something.

Some activities for Ages 3 To 5include;

1. When your child is waiting in line, say, to go on the swings, discuss how important it is to learn to wait for what he or she wants.
2. Create three jars – each labeled “Saving,” “Spending” or “Sharing.” Every time your child receives money, whether for doing chores or from a birthday, divide the money equally among the jars. Have him or her use the spending jar for small purchases, like candy or stickers. Money in the sharing jar can go to someone you know who needs it or be used to donate to a friend’s cause. The saving jar should be for more expensive items.
3. Have your child set a goal, such as to buy a toy. Make sure it’s not so pricey that they won’t be able to afford it for months. If your child does have an expensive goal, come up with a matching program to help her reach it in a reasonable timeframe.

[:id]

This month Preschool will hold Market Day.

Market Day intends to teach students about the concept of buying and selling. It’s never to early to begin learning about entrepreneurship.

Money lessons can be learnt  at an early age, below are some lessons for young children as well as activities to illustrate each point.

Ages 3-5

The Lesson: You may have to wait to buy something you want.

This is a hard concept for people to learn of all ages. However, the ability to delay gratification can also predict how successful one will be as a grown-up. Kids at this age need to learn that if they really want something, they should wait and save to buy it.

Money lessons at this age set the tone for later on. According to one expert, speaking of her own family, she says, “When we go into a store, if I say, ‘We don’t have money for this,’ they’re smart — they know we have credit cards,” So, she would say, “We’re here to buy a gift for X, and we’re not going to buy anything for you, because we’re not here for that.” Kids then quickly learn that going into a store doesn’t always mean you’ll buy something.

Some activities for Ages 3 To 5include;

1. When your child is waiting in line, say, to go on the swings, discuss how important it is to learn to wait for what he or she wants.
2. Create three jars – each labeled “Saving,” “Spending” or “Sharing.” Every time your child receives money, whether for doing chores or from a birthday, divide the money equally among the jars. Have him or her use the spending jar for small purchases, like candy or stickers. Money in the sharing jar can go to someone you know who needs it or be used to donate to a friend’s cause. The saving jar should be for more expensive items.
3. Have your child set a goal, such as to buy a toy. Make sure it’s not so pricey that they won’t be able to afford it for months. If your child does have an expensive goal, come up with a matching program to help her reach it in a reasonable timeframe.

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