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Learning about Money

At the Goddard SchoolThe Goddard School, we begin teaching children about money in preschool. In our dramatic play areas, children pretend they are going to the store, handling money in a restaurant or saving money in a bank. We also introduce coins and place values in the preschool and pre-kindergarten classrooms. Children learn about using money while listening to stories and when taking part in math games and activities. Giving children a head start with money skills is crucial.

You can also start teaching your children about money and value at home with these easy ideas.

  • Create a wish jar or piggy bank. If your children want a toy, have them learn to save for it. They can use money they “earn” from chores, money from the tooth fairy and gifts. Count the money with your children each time they add to their wish jars;
  • Use the grocery store as a classroom. Children can learn about the cost of items, measurement, sizes and more.
  • Be careful when discussing money at home. Children may hear those tough conversations about bills, and they can pick up on the stress that may accompany them;
  • Teach the graciousness of giving. Have your children put aside some of their wish jar money to help others in need;
  • Ask the children’s grandparents to help. Instead of buying their grandchildren lots of toys, ask them to provide some funds for the wish jar;
  • When your child is in school, take a trip to the bank and have your child set up a savings account.

Learning about money and money management early in life will help your child be more responsible in the future.