BUSINESS OF THE DAY: It’s Better with Two.
TODAY'S AGENDA
When you’re headed to a store of some kind (convenience store, drug store, grocery, dollar store, etc.) give your child $2. Ask your child to go around the store with you, and find three things he or she could buy for that $2.
THE PRESENTATION SLIDE WITH TODAY'S OBJECTIVES: Why You're Doing This
- Teach your child to understand the value of money – even $2.
- Expose your child to how prices and values differ between items.
- Give your child the chance to do some price/market research on his or her own to develop some independent, spending strategy.
THE FAMILY CONFERENCE CALL: Questions to Talk About Together
- If he or she selects one specific item - is the item more or less than another item? How do you know? How much more or less is that item?
- In comparing two very different, but similar priced objects: why do the two items have similar prices? What makes them similar? What makes them different?
- How much do the items cost exactly? (Ask them to explain in dollars and cents.)
- What does it mean if there’s “tax” added to an item? How does that change how much you will pay for something? Will you pay more or less?
STOCK TIP
Parents, allow your child to choose one of the three items to purchase and take home. If appropriate, you can even permit your child to do the monetary exchange at the cash register with the attendant.