Why It’s Important to Teach Kids About Money

 In Market News

Teaching children at a young age about money and savings will help them become better money managers as they get older. In the POP Club Program, children earn a $3 market token after participating in the activity and 2Bite. These tokens can then be either used that day on produce within the market or saved for bigger purchases in the future. Children get to choose which helps them to develop better decision-making skills.

It’s important to give children a good foundation about money management. Teaching them the basics about how to budget, spend and save will establish good money habits for life. Through our program, we teach young kids the value of money through real life situations to help them understand where money (aka market tokens) come from and how to earn them. We are also able to teach them that there is a process in order to get the things that they want. You work hard at something, earn money from that and then you get to reap the benefits.

It can be difficult for children to understand what money is and why we need it. Especially in this day and age, where most purchases are made by using debit or credit cards or otherwise known as “invisible money”. Here are some tips on how you can help your child be more money conscious:

  1. Start by allowing your children to actually see money.
  2. Teach them the importance of saving by getting them a piggy bank.
  3. Give your kids pocket money so they can start making their own decisions about how they want their money spent.
  4. Exchange money for chores around the house to teach them that money is earned.

This Sunday at the POP tent, the POP kids will be working through a worksheet that will help them understand how to use their POP tokens to purchase the things that they want within in the market. They will also learn the value of patience by saving up their tokens to make big purchases.

Hope to see you there!

If you haven’t yet registered for the program this season, make sure you visit the POP tent to get started!

Learn more about the program here: POP Kids Club

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