Friday, 1 March 2013

Teaching kids about money


Teaching kids about money need not be tough and can be fun. Use of everyday activities and events can help young children to relate money much easier, eg buying food in the food centre or doing shopping in supermarket.

In conjunction with the learning objectives set by the refreshed Kindergarten Curriculum Framework (KCF), here are some tips you as a parent can consider using to help your children to learn about money management to prepare them for life.

Ask the children to draw the different denominations of local currency to learn about recognition of money
Get the children to draw and learn about the different currency used in the world
Role plays and Storytelling about story of saving to help appreciate the importance
Allow them to handle small amount of money to facilitate learning of spending money
Discuss with them about needs and wants whenever they struggle with monetary decisions. 

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