5 Games to Teach Your Kid about Money
Nov. 24, 2018
Teaching kids about the value of money is important to their future financial health, spending and saving decisions, while helping them practice critical mental math skills. Why not teach them about this critical concept by using fun ways to teach money? Keep reading to discover 5 fun ways to teach kids about the value of money!
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Money Sorting Cards
This game is great for little learners just starting out! Teach your child to recognize coins to learn their value!
What You’ll Need:
- Plenty of loose change containing a variety of pennies, nickels, dimes, and quarters
- Construction or printer paper
- Marker or crayon
How to play:
Kids Academy also has a batch of the counting coins worksheets to nurture your child's money recognition and understanding!
Money Bingo
This game works best with multiple children or family members. Host a game night, and decide the prizes! This game uses the familiar rules of Bingo, but uses coins and their value as the premise for the game.
What You’ll Need:
- Plenty of loose change containing a variety of pennies, nickels, dimes, and quarters for each player
- Bingo game boards- printed or hand drawn on paper or card stock
- Small pieces of paper or card stock to making Bingo calling cards. Fold the papers and put them into a basket or hat for gameplay!
How to Play:
To help your kid get acquainted with the money concept in general, Kids Academy offers you a teacher-led video with bright illustrations of the worksheets and word explanation of what is happening on it, that will seamlessly teach your preschooler or first-grader money value and the ways to count money:
You may enrich your toddler's experience of calling out the names of coins correctly with the help of this interesting money worksheet given below:
Coin Clocks
Here’s something fun your child can make using coins! They’ll have a blast counting the coins as they create their clock.
What You’ll Need:
- Loose pennies, nickels, and dimes
- Construction paper, or card stock
- Washable markers
- Hot glue gun (optional)
How to make it:
Money Eggs
As your child gains competency with identifying money and counting coin values, give them something trickier to work on, like these fun money egg using plastic Easter eggs from their last Easter egg hunt!
What You’ll Need:
- 4-5 plastic Easter eggs
- A variety of loose change in different denominations
- A permanent marker
How to Play:
Restaurant/Cooking Comparison
It’s important to keep increasing the bar when it comes to your child’s learning. For older children, go from teaching money denominations to teaching the value of money and budgeting! For this activity, you can:
- Treat your family to a meal out at a restaurant. Help your child add up the amount their meal cost, including all the menu items your little learner ordered.
- Find a recipe at home to recreate the meal your child ate at the restaurant and compile a list of ingredients.
- Go shopping with your child and help her pick out all the ingredients, marking down the price of each item. Have your child compare the price to make it at home, versus the price at the restaurant. Which is more expensive?
- Help your little one cook the meal at home and let her decide for herself which she liked better!
As a bonus, Kids Academy offers you to watch the learning video on money word problems. Headed by an elementary math teacher Amanda, this video explains the ways to solve money word problems in the pet shop for first-graders:
These are just a few fun activities for teaching your child all about money. Don’t forget to supplement their learning with money printable worksheets to give your child a variety of ways to learn! Written exercises, like money math worksheets can serve as great practice for learning money while they work on math skills to boost their learning! No matter which activities you choose, let’s have fun learning about money with Kids Academy!