Teaching your kids about money early on probably doesn’t seem all that important right now. But providing your child with a solid foundation on the principles and importance of saving money will help them in the future. Avoid boring talks about how money matters. There are plenty of ways to make that more fun. Here are a few options you can try out.
Give them a Piggy Bank
Piggy banks are a classic for a reason: they work. Kids also get a kick out of breaking it open to see how much they’ve saved. Most of us, after all, remember the first time we’ve ever had to break open a piggy bank.
Use a Clear Jar
A clear jar can also be a good choice. It’s more visual, so your child can see if saving up enough or not a lot. Kids will also find it exciting to see their money pile up until the jar is filled.
Play Board Games
Teach your kids to play classic games. Monopoly or Life can teach your child more about winning. They also learn about the importance of buying real estate or saving up for retirement.
Go to the Museum
Give your children a chance to participate in learning activities for kids in Scottsdale. Look up the schedule of activities to check out the best times to bring your kids to the museum.
Hold a Saving Contest
Get your kids to practice saving by holding a friendly competition. Whoever gets to win will receive a nice prize, though the real prize is teaching them the value of money and how to set aside their allowance for a rainy day.
Don’t forget to pick out titles of children’s books that talk about ways to manage money. Reading the basics with your child will be fun. Many of these stories, too, give you a slow and easy start to saving and financial education.
Give new meaning to playing house by challenging your kids to work out how much money they will need to live. How much is a meal or a pet? What about a snack? Teaching them how to compare prices at a young age will make them aware of the value of things as they grow up.
Keep the lessons fun. Let them join learning activities for kids in Scottsdale at the Children’s Museum of Phoenix for more creative ways to teach them about finance.