Nancy Itzel May 1, 2020 Money Worksheets
As a parent it is always exciting to see children progress to another grade. There are a number of summer bridge activities that a child can take part in to make sure they are ready for 2nd grade. These range from direct learning activities such as worksheets or practicing skills online to teaching opportunities in the real world.
Reading is very important to a child's educational development. Reading a book with your child on a daily basis can create enjoyable memories that will foster a lifelong love of learning. Reading helps to build vocabulary and spelling skills as well. Help your child select books from the public library on a weekly basis. Sign up for a summer reading program if your local library has one as well. Make sure your child is involved in the selection process for best results and get some books for yourself to act as a role model for your child.
Money Game, this game enables your kids to improve their math skills by counting money. Being able to count money is a critical skill for both child and adults. The game is done by providing them first with coins. Then you could ask them, "How much do I have if I got 2 coins worth 4 cents each?" You can vary the coins from cents to dollars, pesos or Euros. Surely, your kids will be challenged with this money game.
Just because your child will be playing fun online games doesn't mean the same value won't be there. Create a comfortable study zone. Turn off outside distractions such as cell phones, radios or TVs. Make sure your child is not tired or hungry so that he or she can focus all attention on learning. Also try to keep the lessons consistent with what is being learned in school. A quick chat with the teacher or signing up for an online newsletter from the classroom are ways to keep tabs on the lesson plans.
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.
I'm not a proponent of young kids investing in the stock market. But as they get older you can encourage them to think about saving for their future and retirement. Show the older kids stock charts from the past 50-60 years and note the strong upward trend over long periods of time. With 50+ years before they retire, and by starting to save a little bit now, the Compound Interest will kick in big time!
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