Teaching your children doesn’t always mean having a sit-down talk with them. You can make serious topics like finance fun! In our first How To Teach Finance To Children article, we gave a few tips on getting your kids to know more about finance. In this read, we’re listing down activities you can get your kids involved in, to further strengthen their knowledge about money. And don’t worry, these day-to-day activities can be fun too!
Moms, do you remember back when you were younger and still in school? Whenever you had to learn something, were you ever bored because all you were doing was listening? But then when the teacher announced an activity or a fun exercise, that’s when you’d perk up and pay (even more) attention. The same thing applies to our kids. Sure, we can give them a little talk about why money and saving is important, but they’ll really get to hone their finance skills if they actually get to experience it. Dr. David Whitbread and Dr. Sue Bingham of the University of Cambridge say that even a weekly shopping trip can help develop financial habits in our kids.
Here are other activities you can do with your kids to help form their financial habits and practices.
- Whitbread, David and Sue Bingham. “Habit Formation And Learning In Young Children.” The Money Advice Service. Last modified May 2013.
- Shin, Laura. “The 5 Most Important Money Lessons To Teach Your Kids.” Forbes. Last modified October 13, 2013.
- Redington, Troy. “How To Teach Finance To Toddlers.” Fat Wallet. Last modified March 16, 2016.
- Redington, Troy. “How To Teach Finances To Kids Ages 5-12.” Fat Wallet. Last modified March 23, 2016.