This project will teach your child about saving. Explain that when people do not have enough money to buy something, they wait until they do have enough. Saving is a way to get something you want by yourself instead of wanting someone to get it for you. You can also save to buy things for other people.
Saving will keep you out of debt and is a healthy financial decision for the future.
Materials Needed:
Plain Paper
Pencils, pens, crayons or markers
Scissors, glue
Newspaper or magazine ads
Empty cereal box
Step 1: Explain to your child the purpose of the savings chart and how this will help them stay financially healthy. It will help your child buy something at the store that costs more than they have now.
Step 2: Ask your child what they want to buy at the store. Start small and their goal will be reached faster.
Step 3: Find out the price of the item your child wants to buy (include sales tax). Find an ad showing the desired item. Cut out the picture and glue it on the cereal box cardboard. Cut it into puzzle pieces. Each piece will represent a coin amount that is needed to reach the goal. For example, if the item is $5.00, cut the picture into 20 parts and designate each piece at the value of a quarter. ( 20 pieces X $.25 = $5.00) Give your child one puzzle piece for each coin saved until the puzzle is complete.
This project will teach your child about saving. Explain that when people do not have enough money to buy something, they wait until they do have enough. Saving is a way to get something you want by yourself instead of wanting someone to get it for you. You can also save to buy things for other people.
The savings chart is a fun, easy way to introduce your child to the importance of saving. And, saving is a great way to get something you want by yourself instead of wanting someone to get it for you.
View more debt tips and money saving articles at:
http://www.pioneercredit.com/newsletters.asp
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