kids have any concept of what money is and how much it represents?
Our kids didn't.
They knew that money existed and that you can exchange these shiny
coins for things you really want. Our kids used to get really exited
when they received any amount of coins. They had no idea that each coin
could represent a different value. A coin was money to them
and the more coins, the more money they had, so they thought.
Until kids can count or know their numbers, it doesn't really matter.
But as soon as they can count, you can actually make them aware of what
each coin represents and teach them to appreciate the value of money.
This is how our daughter at age 6 came to understand what the value of
money really means.
She would fold plastic shopping bags for her grandmother to save space
and she would get 1 penny (1ct) for each folded bag.
When she folded more than 5 bags, she would get a nickel (5ct) and
however many cents she earned.
At first she was not too happy with it because she only got a few coins
instead of the number of bags she folded. Then we showed her that the
one coin had a 5 on it and that it was as much as five of the other
The first little while she would exchange the nickels for pennys
because this made more sense to her.
With a little persistence, we finally got through and now she actually
looks at the coins differently. She now knows that 5 cents
makes a nickel and 10 cents make a dime etc.
Then, when she got money from the tooth fairy, she knew exactly how
many bags she would have had to fold to get that much (the tooth fairy
gave her a quarter) and appreciated it so much more.
Over the summer she started her face painting business and for each
face she did (or tattoo for adults) she would receive a dollar and a
After one day she earned about twenty
three dollars. She could not believe the amount of bags
she would have to fold for that.
She told us that she likes the face painting much better than folding
bags for grandmommy, it was much easier and much more fun. She also
realises that this would take her to her goal, a waterbed,
Make it fun and make it mean something for them!
Cheers.....Amanda van der Gulik.....Excited