Nancy Itzel May 1, 2020 Money Worksheets
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.
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.
To get smarter in math, kids need good mental math skills. Students who are competent at this skill, can add and subtract numbers easily. For example, to add 4 to 15, they need not to go up by 1's but they can go up by 4's to add in one step. This broadens their imagination power about number sense.
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.
Guessing game, this kind of mental game will enable the kids to think harder. You should have them think of a number 1 to 100 and ask them questions like, "Is the number less than 30?" or is the number divisible by 3? Ask him as many questions to figure out what number he has in mind. Once you have guessed the number, you exchange places and think a number for yourself. Your kid will now be the next to ask you questions about your number. This game will help your kid think about the characteristics of numbers.
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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