What Do You Think?Mrs. McDonald and Mrs. Baker bump into each other at the elementary spring music concert. Mrs. Baker says, "Hi Jill, have you been reading the Centsible Parenting newsletters this school year?" "Yes," she answers, "we've learned a lot from reading them and my daughter really enjoyed the games and activities. The newsletters have made us think about the importance of teaching our children about money." |
With the end of the school year comes the last issue of Centsible Parenting. Over the past months, this series of newsletters focused on teaching money management skills and concepts to children.
Teaching your child about money has aspects of earning, spending, saving and sharing. Hopefully the information and activities have helped you deal with these issues within your family.
Remember young children usually learn best by doing, so continue to offer your child as many experiences as possible.
Looking at Websites
Many websites are related to children and money. Websites come and go, but if you get to a couple, you'll usually find links to additional sites.
Be cautious as you and your child navigate the websites. It's a good idea to start with KidzPrivacy. This Federal Trade Commission website includes information for children and parents about online privacy issues for families. The website address is http://www.ftc.gov/bcp /conline/edcams/kidzprivacy/index.html.
The United States Mint has a site for elementary and middle school kids. It features games, cartoons, coin news, and coin camp. All the activities are about coins. It is interactive, educational, colorful, and fun. The website address is http://www.usmint.gov/kids.
Reading a Book
If you and your child like to read, spend some time at the library or a bookstore. You will discover old favorites and new titles relating to money and children. Books for children of all ages include both fiction and non-fiction.
Talk about the characters and their problems. If a child in the story is having trouble deciding what to do with an allowance, together you can read and talk about what the character did and how you might want to do the same thing or something different.
Books also offer a non-threatening way for you to pass on your values about money. Choose books that support what you believe about spending, saving, and sharing money.
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Reprinted with the permission of the Iowa State University Extension. © 2008 Iowa State University Extension.
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