Miranda Gabriella May 6, 2020 Money Worksheets
Children can learn math quickly when you let them study while having math games. They usually have avid appetite for learning new concepts and ideas. And as a parent or teacher, every day brings opportunities for you to motivate your kids in learning important math skills. You can motivate them by making fun activities and engaging them with different math games for kids.
As parents do, kids will do. Taken as an extrapolation from the popular saying, "Like Father, Like Son," there's some truth to what we do as parents, our kids will take into their adulthood. So instill good habits now for lifelong benefits.
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.
Get your youngsters into some good habits starting as early as 5-years old. Look for a good Kid's Reward Program that will teach them the value of money and how to use some simple budgeting worksheets designed for kids. Keep expanding the program as they grow older and start to earn their own paycheck. Earnings (for jobs well done), Saving, Tithing/Charity, Spending, and Investing are all key components of instilling good financial habits for kids of any age. For now, let's start with some key tips to teach our kids the fundamentals:
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.
Multiplication is the next skill to learn after addition and subtraction. Again students with excellent skipped counting skills start learning times tables very fast. Skip counting is multiplication, actually. If we look at counting by 2's; it is 2 times table. Similarly kids learn 5 times table or 10 times table by skipping the numbers by 5's and 10's respectively.
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