Discussion
Money isn’t bad, but it isn’t what’s most important in life. Talk to your kids about what should take priority in their lives.
Money needs to be managed. Teach your child about the importance of saving and how to do it. Challenge them to save for something specific they want. If appropriate, negotiate an allowance.
Activity
Go over the different kinds of money
Penny = 1 cent
President on coin = Abraham Lincoln
Nickel = 5 cents
President on coin = Thomas Jefferson
Dime = 10 cents
President on coin = Franklin Roosevelt
Quarter = 25 cents
President on coin = George Washington
One Dollar Bill = 1 dollar
President on bill = George Washington
Five Dollar Bill = 5 dollars
President on bill = Abraham Lincoln
Ten Dollar Bill = 10 dollars
Man on bill = Alexander Hamilton (U.S. Secretary of the Treasury 1789-95)
Twenty Dollar Bill = 20 dollars
President on bill = Andrew Jackson
Fifty Dollar Bill = 50 dollars
President on bill = Ulysses Grant
One Hundred Dollar Bill = 100 dollars
Man on bill = Benjamin Franklin
Check = infinite dollars
Teach your child about checks and how to use them
Budget
Help your child create a budget and start managing their money. Use the kid-friendly budget sheet found HERE (Thank you to MoneyandStuff.info for creating this great tool!)
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