Nancy Itzel May 1, 2020 Money Worksheets
Once my son started working a real job and had taxable income, I made him a deal that if he started an IRA with $500 and $50/month, I would match for the first year. After a couple education sessions, he jumped on it! It's a great way to jump-start their retirement savings AND further teach the greatest wonder of the personal finance world: compound interest.
A variance to counting money game would be to start them out with their own money pot, then if they get the answer wrong, they have to give back money to you. Each question would either add to their pot or deduct. At the end of the game you will still want to have the prizes available for purchase and allowing them to earn their prizes. Using games to learn about money is much easier than getting free money worksheets and having them try to add on paper. This interactive money game will be a great learning tool in your home school.
There are plenty of churches and organizations in any local community that would be glad to receive the blessing. Also check out Kiva.org, a website for providing loans to low-income individuals around the globe that don't have access to banking services.
Although preschool workbooks are popular, many parents like the convenience that is associated with printable preschool worksheets. The only problem with printable preschool worksheets is that they can use up a lot ink, especially if the selected preschool worksheets are in colored ink. To save yourself money and printer ink, you may want to search for preschool worksheets that are in black and white.
Now for the fun part! Encourage your kids to spend their money wisely. Teach them how to shop for bargains and what value the toy or item might provide long term. When my kids were growing up, I strongly encouraged them to spend wisely on a hobby or a collection and learn as much as they can about the history behind the collection. My son at ages 5-9 years old, collected toy tractors and had every type, design, style, manufacturer, and specifications memorized. He knew more about tractors than most farmers! When he got older he repeated the passion with his train collection, later still, with WWII memorabilia.
Encourage your youngsters to save at least 10% (a good benchmark through adulthood) of every dime they receive. The money can be put in a local bank or credit union for saving for special items, Christmas presents, or some other goal the child sets.
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