This post contains affiliate links and I may receive a small commission (at no cost to you) if clicked on and a purchase is made.
Welcome to the
Teaching Kids About Money Giveaway
Learning Resources and the author of Expecting Money: The Essential Financial Plan for New and Growing Families have come together for this giveaway! They want to share some tips with parents on how to teach your kids about money, hope these help!
1. Play the, “What do you think it costs?” game. Ask your child to guess the price of everyday items. It’s a fun way to teach value.
2. Send older kids on a price-war scavenger hunt. When at the grocery store, have them find cereal, bread, milk, or other foodstuff with the best price. Then discuss whether it really is or isn’t a good deal
3. Reward hard work. When you’re with your child, buy from another kid’s lemonade stand and give a buck to a busker. Provide your child with work-for-pay opportunities – make sure they’re challenging and expect a job well done.
4. Explain how to use an ATM. You’re there anyway, so explain what’s going on. You deposited money that the bank is holding for you, this is how to swipe a card, deposit checks, etc.
5. Save for a goal together. Choose something your child or family wants to do and then make a big production out of contributions. Even a toddler throwing a dime into the pot is a moment to celebrate.
6. Treat your things well and teach your child to do the same. Explain that you work hard to purchase the items you all enjoy. Your time and effort is valuable.
7. Encourage entrepreneurship. Kids can sell their unwanted toys or clothes online or in the driveway (with your help, when they’re young), walk dogs, or come up with their own money-making venture. Watch Shark Tank together for ideas and a healthy dose of reality.
8. Talk about financial values. Be open about what you think is right and wrong about money but be respectful of your child’s emerging perspective.
9. Teach your child to pay – early. Even a kindergartner can buy a drink at a cafe. On days when no one else is in line, let him or her order and hand the money over. Explain how to count the change and drop the right gratuity in the tip jar. This process should not be a mystery by the age of ten.
10. Give a tax lesson. When you get a store receipt, show your child the line item for sales tax and tell him where that money goes. Explain that some of what you earn goes to the federal government, too. Roads, fire stations, defense, and schools are financed this way.
This contest is hosted by the Social Media Gurus Network!
Below is a list of all the bloggers involved in the gift guide.
Michigan Saving and More
Tales From A Southern Mom
Heartbeats ~ Soul Stains
Welcome To My Kitchen
Here We Go Again ready
My Silly Little Gang
Everyday Gizmos Sweeps & Views
PaulaMS’ Giveaways, Reviews, & Freebies
Central Bargains and Giveaways
The Mommies Reviews
Now let’s get to the sponsor!
This giveaway is in no way endorsed, affiliated, or associated with Facebook, Twitter or any other Social Media Networking Site. You are not eligible if you have won a prize from the sponsor in the last 12 months. This giveaway is valid in the United States only and entrants must be 18+ years of age to enter. This giveaway event will end at 11:59 PM (EST) 5/22/17. The winners will have 48 hours to email their information back to las930 (at) gmail (dot) com or a new winner will be drawn, you may want to put this email address as safe as it could go to spam. The sponsor is responsible for shipping of the above prizes. No blog associated with this contests is responsible for prize fulfillment. If you take an entry you must stay following for the entire contest or you will be disqualified.
Also we all “love it if you like us” on Facebook! If you like our blogs on social media it helps us bring you only the best giveaways and more of them!
Enter below and Good Luck!
As Always…. Thank You For Visiting Today ~ Please Leave Some Comment Love While You Are Here!