Teaching Kids About Money

Teaching Kids About Money

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#20 Future me

Stay at home challenge – Future me. This challenge is about having fun with all the possibilities ahead of you.

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#19 Which way to pay?

Stay at home challenge – Which way to pay? Cash is fairly easy for kids to understand, but other methods from plastic cards to smartphones can be trickier for kids to get their head’s around.

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Needs Blog

#18 Needs & Wants List

Stay at home challenge – Needs & Wants List. Understanding the difference between needs and wants is key to good decision making in all aspects of life, not just money.

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#17 Find the best energy deals

Stay at home challenge – Find the best energy deals. Challenge your kids to find a better deal on your gas or electricity bills by turning them into your in-house savings expert.

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#16 Choose a cause

Stay at home challenge – Choose a cause. Discuss some potential causes your child could support, and encourage them to choose one that matches their interests and matters to them.

Savings Blog Copy

#15 Spot the best savings account

Stay at home challenge – Spot the best savings account. Get them checking comparison tables of children’s savings accounts, and find an account paying the highest interest.

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#14 Set up shop

Stay at home challenge – Set up shop. Playing shop is a great activity for the imagination as well as practicing some mental arithmetic.

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#13 Fridge Raiders

Stay at home challenge – Fridge Raiders. A simple game about a simple but important money concept – Needs vs Wants.

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#12 Start Selling

Stay at home challenge – Start Selling. A great way to help your kids earn some money that may also help with the spring cleaning!

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#11 Family Dinner Party

Stay at home challenge – Family Dinner Party. This one is a great way to bring together a lot of big money lessons in one simple… meal! Get the kids to organise Saturday night’s dinner.

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#10 – 1¢ or $1000?

Stay at home challenge – 1¢ or $1000? Which would you choose? It’s a simple question, with a surprising answer. And a great lesson on the power of compound interest, for all of us.

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#9 Aiming for Goals

Stay at home challenge – Aiming for Goals. Kids love thinking about what they want, and what they can buy. So use that enthusiasm to help them draw up their own budget.

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#8 Wallet Workout

Stay at home challenge – Wallet workout. Quite simply, your kids tip out all the cards in your wallet, but this time, instead of getting angry, you turn it into a money lesson!

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#7 What do I do all day?

Stay at home challenge – What do I do all day? Take this opportunity to talk to your kids about your job? What do you do, and why? It could get them thinking about what they want to do too.

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#6 Home Tuck Shop

Stay at home challenge – Set up a tuck shop at home. Laura Symond’s genius way of keeping the kids from nagging for sweets whilst also teaching them some valuable money lessons.

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#5 Retro Board Games

Stay at home challenge – Dust off those retro board games. Monopoly and The Game of Life are great games that involve concepts like earning and saving, so are full of valuable lessons.

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#4 Unleash Their Inner Entrepreneur

Stay at home challenge – Inner Entrepreneur. Could your kids be the next Bill Gates? This activity is all about getting their creative & business minds going !🤓📊👩‍💻👨‍💻💡⠀

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#3 Wizard Chess

Stay at home challenge – Wizard Chess. Get a couple of big bags of pennies (or anything that’s stackable), and a chessboard. A great way to show the power of compound interest.

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#2 Clear the Clutter

Stay at home challenge – Clear the clutter – A great wat to introduce the concept of ‘needs’ and ‘wants’, and get the bedroom tidy.

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#1 Design your own bank note

Stay at home challenge – Ask your kids to design their own bank note? Who would they feature on it? What other important information needs to be on there?

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5 Fun Money Games for Kids

Money games for kids are a great way to introduce the concept of money in a fun and safe way. Check out these fun board games, activities and online games!

Teaching Children About Money

What’s on this page? Introduction to teaching children about money Talking to kids about money Pocket money Pocket money routines How much pocket money to give Using chores for kids as an educational tool Reward chart systems Money activities for kids Integrating lessons into the everyday Arts and Crafts activities Money activities at home   […]