BUSINESS OF THE DAY: Master that Money!
TODAY'S AGENDA
First thing in the morning, give your child a $1 bill. Explain immediately that you are asking him or her to be responsible for keeping the $1 bill throughout the day because you will ask to see it at the end of the day.
THE PRESENTATION SLIDE WITH TODAY'S OBJECTIVES: Why You're Doing This
- Teach your child the importance of responsibility and money.
- Teach your child how and where to “keep” money on themselves in a safe spot, so they know where it is at all times.
- Introduce your child to the idea of saving for a specific purpose, and, perhaps, foregoing other purchases, so you can keep saving money.
THE FAMILY CONFERENCE CALL: Questions to Talk About Together
- Was there anything that you wanted to buy with that $1 bill?
- How hard or easy was it to keep your $1 bill in a safe spot?
- Did you show any friends your $1 bill?
- Did you think about your $1 bill throughout the day? What did you think about?
STOCK TIP
Parents, if your child makes it through the day, consider allowing her to spend it the next day on something - a snack, a small item, something from a dollar store, etc. Or make that opportunity a learning experience, so consider teaching him or her that that $1 could be the initial investment in saving for something bigger.