Lessons with money don’t have to be all serious and boring. In fact, children learn best when they are having fun. More importantly, they retain information better. Here’s a fun activity about saving we’re doing at the moment. I first came across this brilliant idea from a website that my friend Cath writes for.
Here are some of the lessons I want my children to learn from this activity:
- saving up can be fun
- it takes time to save up
- saving is a habit
- there is reward at the end
Saving one coin at a time
At the beginning of February 2017, we had an empty 600mL water bottle (it’s a Crystal Peak bottle, if you are interested). The goal is to fill the bottle up with $2 coins and then find out how much we have. Other people have done this experiment using a 600mL Coke bottle. The result with a Coke bottle is $1000 when it is filled to the top.
What I have noticed is that as a family, we are more mindful when we’re spending our money – but not in the way I imagined. We’re more mindful about not spending the $2 coins!
Check back from time to time to follow our progress!