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Did you know that April is National Financial Literacy Month? Teaching your child how money works, how to budget and save, and more is vital to their future. But no rule says you have to do it in a boring way! Wondrfly has concocted a slew of fun and educational activities for kids to learn about finances. From toddlers to teens, kids of all ages can learn about financial literacy through these money activities for kids.
Money Learning Activities for Toddlers
Toddlers don’t have to understand numbers yet to understand money. Kids can begin to learn about the purpose of money, money’s role in society, and how to save.
Make a Piggy Bank for Loose Change
Don’t know what to do with the small change you find under the car seat, in the bottom of your bag, between the sofa cushions, and so on? Use it to demonstrate the importance of saving money for your toddler. Ask your toddler to help you “feed the piggy” whenever you find some small change. They’ll love putting coins in the slot (a good fine-motor practice activity as well) and making sure the pig is full and happy. It’s a great way to get your kids used to the idea of saving before they can count or earn money.
Plus, DIY piggy banks make a terrific opportunity to recycle some household materials for a fun arts and crafts project!
Dramatic Play: Transaction Roleplaying
Dramatic Play helps kids learn about common social interactions and prepare for the challenges of day-to-day life. Teach kids about how people exchange money for goods and services by role-playing interactions between waiters and diners in a restaurant, hairdressers and clients, cashiers, and customers, and so on. The sky’s the limit when it comes to possibilities.
Activities for Older Kids to Learn Money Skills
As kids grow, they can take a more active role in their own finances and those of the family. Read on to learn how to engage your child in these processes in an exciting way!
Play Games That Improve Money and Counting Skills
Board games are activities that promote healthy social interaction within families. Check out this list of board games that teach kids valuable financial and money skills!
Budget with Jars
Decorate some mason jars and teach your child the basics of budgeting in a simple and effective way. Dedicate different jars to different financial goals. Designate one for purchases your child might want to make, like video games, toys, movies, books, etc. Designate another for future savings, and another for giving to charity, explaining how important it is to prepare for the future and help those less fortunate.
Then, if they make an allowance for doing household chores, they can divide their money into their jars however they like each week. If not, they can divide up their earnings whenever they receive any money as a gift from the tooth fairy or relatives.
Make Grocery Shopping a Team Activity
Engaging your child in the process of making a grocery list, establishing a budget, and noting the price of each item is another easy way to teach them about making wise purchases and budgeting.
Looking for More Learning Activities for Kids?
Check out this blog about everyday activities parents can do with their kids to enhance their learning and growth!
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