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Learning to Save Money - A Newsletter for Parents of Third Grade Children (continued)

Source: Iowa State University Extension
Topics: Middle Years (5-9), Third Grade, Teaching Money Management, Parenting, Communicating with Children, more...

Bank at home: $1 x _____ = $ _____
Savings account: $1 + _____ + $1 + _____ ... etc. = $ _____

Stress these ideas with your child:

  • saving regularly lets your money grow
  • you can make money as you save

Consider This

Mom replies, "You're right Julie. This is your money. I know you've worked hard to earn it and I promise I'll pay you back later today." Julie says, "Mom, you'll probably forget." "Well then," says Mom, "I'll sign a note just like I would at the bank and pay you 25 cents interest for using your money."

Prepared by Donna K. Donald, family life field specialist, and Vicki W. Sickels, former family support program associate, and edited by Laura Sternweis, communication specialist, Iowa State University Extension

...and justice for all The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Many materials can be made available in alternative formats for ADA clients. To file a complaint of discrimination, write USDA, Office of Civil Rights, Room 326-W, Whitten Building, 14th and Independence Avenue, SW, Washington, DC 20250-9410 or call 202-720-5964.

Issued in furtherance of Cooperative Extension work, Acts of May 8 and June 30, 1914, in cooperation with the U.S. Department of Agriculture. Stanley R. Johnson, director, Cooperative Extension Service, Iowa State University of Science and Technology, Ames, Iowa.

This newsletter is published for families with first grade children by Iowa State University Extension. For more information about parenting education, contact your local county extension office or access the Iowa State University Extension to Families website, www.extension.iastate.edu/families.

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