Wednesday, March 7, 2012

Parents Bucks

Well, the research continues and I am finding more fun ways to teach our kids about money. If you haven’t read our post from Monday, I encourage you to. I mentioned a wonderful and very helpful blog and website that will get you on the right path in raising a money savvy kid.

Now, I can’t wait to try these “parents bucks” with my girls.  Here is an excerpt from the article, Parents Bucks on  

It's not too early to start teaching good money sense. Use our Parents Bucks to start educating your toddlers -- and your big kids -- about the value of a dollar.

 Fill an old wallet with our Parents Bucks and let the learning begin! Here are some age-appropriate suggestions to get you started.

Toddlers: Kids will have fun taking the money out of the wallet and putting it back in. Next step? Sorting. Encourage them to separate the bills by color. Pretty soon, they'll be ready to count from 1 to 10.

Little Kids (3 to 5 years old): Keep counting. Use the different denominations to teach your kids how to count beyond 10. You can also help them make the connection that money can be exchanged for their favorite treats at the store or at home in pretend games. Pretty soon they'll be ready to learn how to add.

Big Kids (6 to 8 years old): Make the most of our Parents Bucks by using them as an allowance. Besides letting your child "pay" for special privileges -- like extra TV time -- you can teach them how to save for something they really want.”

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