4 Fun Ways to Teach Kids About Money

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Money Jar Challenge:

Turn saving money into a game by introducing the Money Jar Challenge. Each time your child saves a portion of their allowance or gift money, let them drop a bonus coin or bill (let's call it parent interest!) into the Money Jar.

Set achievable goals, and when the jar reaches a certain amount, celebrate with a special treat or outing. It's a tangible way for kids to see the rewards of saving.

DIY Money Board Games:

This is one of the activities we use in our Year 6 program and kids love it - there's some great free programs out there that you can use online like Flippity or get your craft on and make a physical game like Snakes & Ladders or Monopoly. Design the questions with your kids and let them go nuts on the design!‍

Role-Playing Financial Scenarios:

Transform your living room into a stage for financial role-playing. Act out scenarios like going grocery shopping, paying bills, or even running a lemonade stand. This hands-on approach helps kids grasp real-world money situations in a playful setting.

Virtual Financial Adventures:

In the age of technology, there's no shortage of interactive apps and online games designed to teach kids about money. Obviously we highly recommend Kids Get Money - our programs provide online learning and activities that parents can get involved in too!‍

Supermarket Challenges:

The supermarket is a fantastic place to teach your kids about money - particularly in their primary years. The cost of feeding a family is often one of the biggest budget challenges we face as parents and getting the kids involved with decisions is a great way to tackle some of the difficult conversations about branded products and expensive food items.

Budget Friendly Recipe Challenge

Objective: Teach kids about budgeting and meal planning.

Instructions:

• Before heading to the supermarket, choose a simple recipe together that requires a few ingredients like fried rice or spaghetti bolognaise.
• Set a budget for the entire meal, considering the cost of each ingredient and the number of people you are cooking for.
• While at the supermarket, challenge your kids to find the best deals on the required ingredients without exceeding the budget.
• Encourage them to compare prices, look for discounts, and make choices that fit within the allocated budget.
• Discuss their choices and reasoning as you shop, emphasising the importance of making cost-effective decisions.

Benefits:

• Develops budgeting skills.
• Enhances understanding of meal planning and ingredient costs.
• Encourages comparison shopping.

By infusing creativity and interaction into the learning process, we're not just teaching kids about money; we're fostering a positive and lasting relationship with financial concepts.

At Kids Get Money we believe that the best lessons are the ones that leave a smile on your child's face, so, let's make money education a fun experience that sets the stage for a financially savvy future.