Thank you for sharing this story and for your candor. Teaching young kids about money can be difficult especially when it comes to abstract ideas like investing. Did you bust out the rule of 72 (kidding)?
I find with young kids it's really about values (like you mentioned) and behaviors - recognizing needs v. wants, delayed gratification, goal setting, being charitable, budgetting,etc. These are the things that they can take into adulthood. If you end up doing another money lesson for the girls, please reach out to me for a save, spend, and Give piggy bank. Happy to send you one to help illustrate some of these core financial literacy concepts.
I'm sure the kids enjoyed the marshmallows! I like your idea to start next time by focusing on values. LMK if you'd like any picture book suggestions that are good for starting the conversation. :)
Clever and thoughtful game to educate the little ones on the basics. Know your audience - awesome !
Thanks, Blake. Really glad you enjoyed it.
Thank you for sharing this story and for your candor. Teaching young kids about money can be difficult especially when it comes to abstract ideas like investing. Did you bust out the rule of 72 (kidding)?
I find with young kids it's really about values (like you mentioned) and behaviors - recognizing needs v. wants, delayed gratification, goal setting, being charitable, budgetting,etc. These are the things that they can take into adulthood. If you end up doing another money lesson for the girls, please reach out to me for a save, spend, and Give piggy bank. Happy to send you one to help illustrate some of these core financial literacy concepts.
Thank you so much, Esther!!! We will take you up on that!!
I'm sure the kids enjoyed the marshmallows! I like your idea to start next time by focusing on values. LMK if you'd like any picture book suggestions that are good for starting the conversation. :)
I’ll take a look! Thanks so much for commenting.
The Moneybunny books are a good place to start! By Cinders McLeod. My students (K-5) seem to like them. 🐰
I love The Moneybunny books. I've read the first four and can't wait to read the recently released one. They're fun and beautifully illustrated.
Thank you for this. Teching young kids about money is so hard. They really do not get abstract thinking.
Which is what I learned when I saw a group of 10 gray pigeons and one brown one and tried to teach my then 5-year-olds about racism:
"Do you think the gray pigeons treat the brown one differently?"
"Yes."
"I don't think that's OK. I think they should all treat each other the same. They are all the same on the inside. What do you think?"
"If I was a pigeon I'd be gray on the inside."
Correct! When things get too abstract, we lose them. KISS formula is a good approach.