Katherine - posted on 05/08/2012 ( 8 moms have responded )
My 6 year old knows because she's in first grade. She knows how to count it, but I don't think she actually knows the VALUE of money. She's always trying to give it to me and she has a lot.
Same with my 3 year old. She doesn't have the concept of the VALUE. If I say we don't have money to buy this right now, she will go into her piggy bank and get me all of her money. All $7. Which is a lot for a 3 year old!
Of course I don't take it. But I'm trying to teach them to save their money and not spend it frivolously. My 6 year old probably has $20 and that's not including her savings, bonds and CD's. They both have those.
So what do you think? How do you teach your kids about money?