Teaching your kids the value of a dollar

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 3/21/2012 9:08 am
It's never too early to learn the value of a dollar.  Kids as young as three or four typically know that it takes money to buy things, but it's up to you to teach them how to save it and spend it wisely. A good place to start is a clear glass jar.

Psychologists say kids do very well with visuals, and it helps for them to see how much they're earning and how many dollars that amounts to.  Experts say you can draw a line on the jar, or hang a "savings thermometer" near the jar, so your child can track how close they are to their goal.  You can even put a picture of the toy on the jar as an incentive.

Give your kids the chance to earn some money by doing chores around the house.  This will help them to understand that they'll have to work and save for something they'd like to buy.  And if it's a big ticket item they've targeted, it's o.k. to work together with your child to pay for it.
Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
Most Popular
Will This 'Special Delivery' Become Viral Sensation?
One Georgetown family found packages scattered across their driveway. They don't need to wonder what happened; they caught it all on camera. Video Video
Update: Man Found Dead Outside Nicholasville Business Identified
The Jessamine County Coroner said Thamer Hassan, 41, of Lexington, had been dead about six hours before being discovered outside a business off of Main Street in Nicholasville on Tuesday morning. Investigators are waiting on autopsy results to help determine a cause and manner of death.
Fatal Collision In Rowan County
According to the Kentucky State Police on Tuesday at 10:06 a.m. they were notified of a single vehicle injury accident on Open Fork Road in Rowan County.
Judge says Detroit newspaper has right to publish mug shots
A federal judge has upheld a previous ruling that said the Detroit Free Press has a constitutional right to publish the mug shots of defendants in a criminal case, agreeing that defendants have no privacy interest that warrants a publication ban.
2 Injured Then Arrested After Crash
Two people were taken to the hospital for their injuries and then arrested after an early Wednesday morning crash in Lexington. Video Video
Flu RSS Aggregator Widget. Flash Player 9 is required.
Flu RSS Aggregator Widget.
Flash Player 9 is required.

Five Minutes Or Less For Health Widget. Flash Player 9 is required.
Five Minutes Or Less For Health Widget.
Flash Player 9 is required.

Inergize Digital This site is hosted and managed by Inergize Digital.

WTVQ.com supports children's privacy rights. All persons under the age of 13 MUST have parental permission to use this website and direct parental supervision is strongly recommended.