Friday, June 20, 2008
I Learned Everything I Know about Money from the Bearenstain Bears
Usually when we go on a trip, I give the kids a set amount of money that they can spend. I don't care if they buy the dumbest plastic good for nothing toy, it's their money, to spend how they choose. We are taking that a step further this year by introducing the idea of banking!
In order to help them understand the lifelong question of "where did all of my money go?", I have made them each a checkbook (thanks to Stan and Jan Berenstain..Dollars and Sense). I will give them the same set amount of money, but then they have to write a check to the bank of Mom, then do the math to figure out how much they have left. ( Just like the real world).