Understanding the Decision Making Process- A Newsletter for Parents of Third Grade Children

Understanding the Decision Making Process- A Newsletter for Parents of Third Grade Children
photo by: Jayray24
Iowa State University Extension

What Do You Think?

Jason and his dad stop to eat at noon at a fast food restaurant. Jason says, "I want that space ship they're selling." "I thought you were going to buy a race car with your money when we got to the store," answers Dad. "But Dad, this doesn't count, this is a restaurant," says Jason.
(See end of newsletter for a possible answer.)

Every day we all make many decisions—big and small. Sometimes we may spend a lot of time deciding before we make our choice. Other choices we make without even thinking.

It's usually easier for adults to make choices because over time we learn the process of making decisions. Even then we don't always make the best or wisest choice.

When it comes to money management, there are many concepts for children to learn. But one of the most important is that of choices and decision making.

Money means different things to different people. However, spending money always means when you buy one thing you can't buy something else. Money is limited so children have to learn how to weigh options.

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