
The best way to teach kids financial literacy is in the context of their everyday lives. Here are several
examples of how to capitalize (!) on everyday experiences:
Money Moment 1: Young children love putting coins into vending machines. The next time your
youngster asks for money for soda or bag of chips (and you agree), pull out a variety of coins and walk
him through picking out the correct coins:
“We need sixty-five cents. Can you find two quarters...they're the biggest ones. They are twenty-five
cents each. That's fifty cents together. Now we're going to need a dime. That's the smallest one and
it's worth ten cents. Finally, we need a nickel. It's the one with the smooth edges. This one is worth
five cents. Now we have enough for the chips.”
Not only are you covering coins and their values, but you're touching a lot of math concepts,
biggest...smallest...finally, as well. But don't expect him to get it all the first, second, or third time; it is
through repeated exposure in a non-threatening environment where the brain grows best.
Money Moment 2: Grocery shopping with a preschooler can sometimes try a parents' patience. So