Money Smart Week Event~Thursday, April 26th
Understanding Wants and Needs is the core to money smarts! If you have kids who are aged 4 to 8, this book will help you get off on the right track for the new 2018 year!
Having a solid understanding of the difference between wants and needs is a value that everyone benefits from for life --- no matter what the age!
Make "Do I need it, or do I want it?" the theme of 2018, Model for your children while at the store. Be sure to share your thought process out loud. Have conversations and use real-world objects such as a glass of water versus a can of soda pop, toy versus a warm blanket, etc. Such conversations would be great to have around the dinner table or make it a fun game while driving in the car by naming an item and having your child determine if it is a want or need and why!
Using the book in a classroom? Take a large piece of construction paper and label one side WANTS and the other NEEDS. Have students cut pictures out of magazines and paste them on the correct side. Or, after reading the book, have students bring a "want" and "need" to school the next day and host a "show-n-tell" time where they can share what they brought and how they categorized. Have a big class? Assign 5-7 per day for the week and start your morning off with sharing!!!
Ideal for PK -3rd Grade
After completion, you can't help but be inspired to start your own Christmas Jar! Our family has been following the Christmas Jar spirit ever since.
If you are looking for a light-hearted gift to give your child that could lead to deeper emotional thinking and generosity, I strongly suggest you empty the pickle jar in your fridge, give it a bow, and wrap it in a box with this book!
Age Recommendation: Whole Family Read Aloud or Ages 9 and up!
Managing Money By Linda Crotta Brennan
Managing Money is an ideal read for students 2nd to 5th grade. The glossary and index provided are ideal supportive tools for students to use throughout the book. Overall, the book teaches concepts such as money management related to budgeting, saving, spending, and giving.
I specifically like the many "learning tasks and tips" that are sprinkled throughout the book that apply to real world skills. They make for great home assignments in a classroom setting or excellent child/parent "to do" points when reading at home.
This series would be a wonderful up-to date (copyright 2013) addition to a school or public library.
Fielder the Financially Fit Frog and I enjoyed our visit to Cambridge Community Library on September 21! During our visit one of the stories we shared was Just Saving My Money by Mercer Mayer. Over the years children continue to enjoy the I Can Read series by Mercer Mayer. This quick and fun read is perfect to get your children thinking about earning money through jobs/chores, saving money in a special place, and then taking pride in spending money on an item that is desired.
Fielder loved the "savings cups" the children created during craft time to take home and put the story into action.
Ideal read for toddlers-1st grade
I also enjoy the giving component this story demonstrates---"give a penny, take a penny."
The author also offers two pages at the end of the book of enrichment and follow-up ideas for adults and kids.
Ideal read for PK-Grade 3
In the early 1900s a bathtub was a luxury and pricey purchase. So in order to get one for her family farm, Donna set out to grow and sell pickles to raise enough money. She even enlisted the help of her siblings, and they spent months planting, weeding, picking, and selling.
A terrific summer read! The author's historical notes and photos along with recipe add a great personal touch.
Ideal for grades : PK-4th
How my daughter used location, location, location to her benefit and for the benefit of others!
My daughter, Annah, has been doing lemonade stands since she was eight. Looking back at photos you can see the real growth of the "business."
She started with a sheet draped over some pallets nailed together by her older brothers with a paper sign and a cooler! She set up right outside our front door in the center of our yard. But soon her oldest brother, Thomas, who was 14 at the time told her to go to the corner of our lot where there is a 4-way stop so more people would see her and because they were already stopped, he predicted they were more likely to just nudge up and pull over. He was right! (And now has his own business---Guenther Outdoor Services)
Lemonade sales doubled that summer!
Three years later she meshed variations of lemonade stands from Pinterest to design the "perfect stand', asked dad to help her build it during the winter, and painted it herself come spring of 2015.
Fast forward 2017:
With a few tips from me (mom), who works down the road at Deertrak Golf Club when not teaching financial literacy, Annah created a golfer-friendly menu. Deertrak donated the ice for the lemonade stand so Annah had score cards from the course on hand for golfers to learn about the course as a thank you to Deertrak.
Annah had her regular customers throughout the week: the mail carrier, several county and state officers, and a few shuttle drivers at the end of the shift. There were the regular neighbors who stop by when she does weekend stands. But all in all there was a significant amount of those heading to or from the U.S. Open that stopped by. She had a big grin on her face when she told me, "Mom, a lady just stopped and said she is the wife of one the golfers golfing at the U.S. Open!" Unfortunately, she did not get her name!
If you look on the sign you will see she was raising money via donations and those she raised money for varied from the Human Society, St. Olaf's Church---our family church down the road, The Cade Werner Memorial Fund---a former student of mine and former schoolmate of Annah's who passed away this spring, and the Saving Schaefers fund to help out another former student of mine and past schoolmate of Annah's who is only 16 and needs a liver/kidney transplant.
Annah was able to give away over $400 as well as pay herself back for her start up supplies. When she reflected on the whole week she said, "There was about 10x the traffic on my road most days during The Open so that played a role in sales. Plus the days it was really hot, like Saturday, we sold the most." When asked what she learned she stated, "Take advantage of what is happening in your community, help others out and you will be glad, and team up with local businesses if they are willing to help you with supplies like Deertrak did for me. I saved about $40 on ice so that was more that could go to the groups I was raising money for."
"Thank you to all who helped me and those who bought lemonade and other drinks and snacks!" Annah
Hi! I'm Jennifer! Program Manager of the Early$tart=Money$mart Program