The sun is shining, the lawnmowers are humming, and ice cream cones are back in season; it’s finally summertime! While learning might be the last thing on your child’s mind, teaching your kids about financial literacy can be more of a conversation than a chore!
Children are naturally curious about money— it is a fascinating and grown-up concept! Feed their hunger for knowledge with open conversations about money basics and sprinkle in financial “lessons” through fun activities and projects.
Examples of fun activities to try together with children this summer:
- Count and identify coins and bills and talk about how money is used
- Decorate piggy banks or jars and talk about saving for a goal
- Visit stores and talk about buying needs versus wants
- Donate some used clothes and toys and talk about sharing
Your child does most of their learning in a school setting and may already be familiar with Ms. Money & the Coins, Rockland Trust’s own educational, interactive, musical presentation that teaches elementary-aged students about money. But did you know that you can have Ms. Money at HOME? These free, unique and fun resources are available to help you teach your children about money in a fun and engaging way.
Ms. Money Video Resources for Parents and Guardians
Many parents are uncomfortable talking about money with their children. Money management is a complex and personal topic, so it’s normal to feel overwhelmed or uncomfortable about broaching the subject with your child. Just remember that financial education is a lifelong journey, for you too, and it’s okay to admit to your children that you are still learning as well. Starting with small conversations as your child grows up will better equip them when they start to make smart financial decisions in the future.
The Psychology of Money: Three Reasons Why Talking About Money Early and Often is Key
PRO TIP: Don’t let any negative emotions you might associate with money keep you from teaching your child financial literacy. Learn together! It’s normal to have financial ups and downs, so be honest and transparent about the financial lessons you have learned in your life.
Need a little help to encourage saving and reading this summer? Rockland Trust has a summer reading program that encourages students to save money! Children in Massachusetts who are entering first through eighth grade in the Fall 2021/2022 school year are eligible. Learn more about the Reading Makes Cent$ program for details.
Help Kids Learn the Value of Money
With a bit of courage and creativity, talking about money with your children can be fun. It’s never too early to start candid conversations about money with kids and instill healthy habits, values and feelings around finances. For more resources and advice to support your family’s financial health and future, visit our Learning Center.
Have you tuned into No Shame in This Money Game Yet? “Life Skills Learned at Home'' and Other Podcast Episodes Available for Free
