It is important that you teach your children about money and its value as early as you can. As your kids get older, they will need this knowledge of money to help with their financial life. Other than that, you can build your child’s math skills by practicing addition and subtraction equations with preschool counting worksheets, or using money problems.
You can help your children enjoy money calculations with these fun games:
Money Sorting Cards
This is the most ideal game for younger kids who are just learning about numbers and money. Use this exciting game to help them learn and recognize the value of coins.
Things You Will Need:
- Some change; nickels, dimes, quarters, and pennies.
- Permanent marker
- Printer paper or construction paper
Playing the Game:
You can make the money cards with 4 hand cards; hand-drawn or printed. Divide the page into four sections by folding the paper into 4 big squares, or drawing lines to separate the page. Using your marker or crayon, label the different squares with coin denominations. On each square, write the coin name in careful prints, together with the numerical value at the bottom. Repeat the same thing on the other 3 squares. Ask your kids to sort through the different squares, and match the right coins to their individual money cards.
Your child can use coins to play this fun game. They will also learn more about time as they create clocks in this exciting game.
Things you will need:
- Smaller denominations – dimes, nickels, and pennies
- Non-permanent markers
- Card stock or construction paper
Making the coin clocks:
Use the size of paper you are using to calculate how big the circle you’ll draw will be. You can begin at 1 o’clock, and help them count out the coins needed for whatever number is represented on the clock. For example, 1 o’clock should be represented by 1 penny, and 10 o’clock can be represented by 2 nickels or any other coin combination you want. Help your child place the coins on the face of the clock as they work around it and you can even use a glue gun to make the coins stay down more firmly. After arranging the coins on the clock, draw minute and hour hands, and your clock is ready to be hung up.
Helping your child to practice counting with money and calculating money will boost their math confidence. As they get better with adding up money and identifying coin value, increase the difficulty of the tasks that you give them. For example, this exciting money egg game you can make out of old plastic eggs.
Things you will need
- Some change in smaller denominations
- Permanent marker or crayons
- Some plastic Easter eggs
Playing the game:
Gather your old Easter eggs, and write on each egg the amount that your child is to put inside the egg. For example, get one egg and write 50 cents with the permanent marker. This means that your child will have to count out the number of coins written on the egg, and add it to the egg. Your children will enjoy playing around with Easter eggs in a time that isn’t the season for Easter egg hunts, and they will also learn to recognize what different amounts of money look like when written in figures, and when counted out. After adding the correct amount of coins to each egg, encourage your kids to randomly add more coins, and then empty the eggs one by one. Help your kids count the amount of extra change in each egg, and compare it to how much is written on the egg.
It is important that you keep on pushing the boundaries of your child’s knowledge, and never stop encouraging them to learn more.
As your kids get older, they will master the different money denominations and will be ready to learn all about the value of money, and the importance of budgeting; as well as how to budget. To encourage your child in this area, you can do this with them:
- Take your family out for a meal. While at the restaurant, assist them in adding up the sum total of the food they ordered.
- When you get back home, find a recipe and make a list of the ingredients you will need to recreate the meal your child ordered at the restaurant.
- Go to the store with your child, and buy the necessary ingredients for your meal; making sure to note down the price of each ingredient.
- When you get back home, add up the cost of all the ingredients you bought for your home-cooked meal, and compare it to the cost of the meal your child ordered at the restaurant.
- Cook the meal with your little one’s help, and let them judge which tastes better; the more affordable and healthier home-cooked meal, or the more expensive restaurant meal.
Teaching your child about money can be an exciting experience for both you and your little one. If you find yourself getting impatient with teaching your kids, or your children seem bored and unexcited about learning more about money, use some of these games to pick up their interest again.