Episode 1: Dollar Billy

gregwebb44Life

Ever wondered what it would be like if your parents were literally made of money? Billy knows exactly what that’s like. Find out what happens when his wish finally comes true. (Duration 14:06) Get access to all of the Purple Rocket Podcast episodes for free by downloading the RadioPublic app HERE. Theme music by Kevin Macleod – Incompetech.com. Want to listen offline? Click the download icon on the player above to download this episode to your device.

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

penny

 

 

Nickel = 5 cents 

President on coin = Thomas Jefferson

nickel

 

Dime = 10 cents 

President on coin = Franklin Roosevelt

dime

 

 

Quarter = 25 cents

President on coin = George Washington

quarter

 

 

One Dollar Bill = 1 dollar 

President on bill = George Washington

dollar

 

 

Five Dollar Bill = 5 dollars

President on bill = Abraham Lincoln

five dollar

 

 

Ten Dollar Bill = 10 dollars 

Man on bill = Alexander Hamilton (U.S. Secretary of the Treasury 1789-95)

ten dollar

 

 

Twenty Dollar Bill = 20 dollars

President on bill = Andrew Jackson

twenty dollar

 

 

Fifty Dollar Bill = 50 dollars

President on bill = Ulysses Grant

fifty dollar

 

 

One Hundred Dollar Bill = 100 dollars

Man on bill = Benjamin Franklin

one hundred dollar

 

 

Check = infinite dollars

Teach your child about checks and how to use them

check

 

 

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!)

Sample Budget for Kids