For Parents & Teachers

26 11 2009

Hello Parents and Teachers!

Thank you so much for taking the time out to explore this site. It is so important that K-2 students have tons of resources at their fingertips to learn more about money. This is an integral component of school curriculum as well as home values. For the classroom, I have included a number of websites and lesson plans that will help any teacher engage students in learning about money. For the parents, I have a number of resources to help with teaching kids about budgeting, allowances and even saving money! Together we can include children in the movement to become smarter spenders. They are after all, our youngest consumers. Let’s work together to prepare them for the responsibilities that comes with money. If you have any questions or comments, feel free to post them below. I want a lot of feedback so I can make this website a resource for everyone!!

Best of luck!

Miss Dee

Parents:

These tips are from familyeducation.com! If you want more information, please visit their site!!

Goals for Kids Age 6 to 10

Kids starting elementary school are outgrowing the myths of early childhood—the tooth fairy, the Easter bunny, and even Santa Claus. It’s time to start learning the realities of money.


If your kid falls in this age category (essentially elementary school age), you want to be sure that she masters certain basic money concepts:

  • Identifying money. Make sure that she knows the difference between a nickel and quarter.
  • Making change. Make sure that she knows how to present enough money to cover a purchase and to count her change.
  • Being responsible for money. If she loses the dollar that was in her pocket, she has to know that it’s her loss (you won’t replace it). This will teach her to be more careful in carrying money.
  • Understanding that things cost money. From the candy she eyes at the supermarket checkout counter to the premium movie channels on TV, she must know that nothing comes free.
  • Handling an allowance. Make sure that she learns to live with the allowance she’s given and to meet any expectations for it that you might set. For example, this may include a modest savings plan to pay for things she wants.

Planning for the Future

The future to a young child may mean the arrival of        summer at the end of the school year; it’s impossible to  think about growing up, going off to college, and even  moving out on her own. Still, the future is closer than  she thinks. As adults, time seems to go more quickly  than it did as a child—what seemed like years away now  passes in the blink of an eye.

Your child needs to learn the importance of saving for the future, including these issues:

  • What she’s saving for
  • What she has to put away to get there
  • How long it will take her to reach her savings goal


Allowance and Spending Decisions

Setting an allowance for your child is dependent on your household and budget. It is a good idea to give your child a chance to save and spend their own money. If only a dollar every week, your child will begin to understand the value of having money.

When giving children an allowance, give them the money in denominations that encourage saving. If the amount is $5, give them 5-1-dollar bills and encourage that at least one dollar be set aside in savings. It is a good idea for your child to have their own savings account so they can see their money grow!

Donating to others

As you teach your child about the value of saving money, it is also important that they understand the value of sharing it as well. There are communities who are unable to be financially secure. You and your family should play an active role in helping these communities. The way you chose to do it is completely up to you, but doing it when your child sees you will have more of an impact than you will ever know!

Other resources for parents from themint.org!

Grocery Store as a Classroom


Teachers

I am sure that you have a plethora of resources  to teach your students about money. I wanted to  give a few of my favorite lesson plans and  websites. Feel free to post a few of yours as  well!!

Lesson Plans: There is a complete list of lesson plans in the tabs above.

Printables: These are direct links to printable worksheets for your classroom.

Make Monkey Money

I Have…Who Has…Game

Dollar Dice Game

Snack Shack

The Fruit Stand

Counting Money

Make Your Own Worksheet

Classroom Initiatives: Classrooms all over the nation are taking part in making students financially intelligent. Here are some websites that may give you some creative ideas from other educators.

Teaching Money

Tips from Home-Schooling!

Other resources:

Class Supplies