Nancy Itzel May 1, 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.
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.
To get your child ready to tackle 3rd grade math with confidence, it's time to introduce learning aids at home. Most parents assume that worksheets, word problems and visual representations are the most helpful tools, but many forget the importance of online tools that offer educational value. If you choose the right programs, you can help pave the way for success for your child by incorporating fun, challenging games that promote the learning and understanding of 3rd grade math.
Once kids are able to multiply then they can use these skills to divide numbers. Hence it also helps kids to learn division, indirectly. So all four math operations are made easy with this skill. There is another very important elementary math topic named counting money. Counting nickels is skipping the numbers by 5's, similarly it can help kids to add dimes, quarters and fifty cent coins, easily. Many times, teacher or parents use the coins to introduce skip counting to kids. This is a good idea, but the counting coins is the later skill to be learned after skip counting.
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.
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:
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