Trinitonian 18 Autumn Edition 2021

PARENT FEATURE
GROWING-UP
MONEY!
By Donna Verrydt
This is a balancing act! On the
one hand, we try not to make our
children’s lives all about material
goods and money. On the other
hand, however, money sure does
make the world go round so
children should be taught the
fundamentals of money to prepare
them for the future. Here are some
age-appropriate money matters
worth teaching your children.
SMALL CHANGE, AGES 3 – 5
EARNING CONCEPT
Wording to your child: If you do
something or make something,
you can get money for it. This is
called a job and getting money
to do that job is called ‘earning’.
ACTIVITY IDEA: Job hunt!
Walk through your local shopping
centre or community and point
out people who are working, such
as the shop teller, the cleaner, the
Uber driver, or the chef. Talk about
HOW those people earn money.
Mind your own business: You
can introduce your children to
the concept of entrepreneurship.
Teach them about people
who start their own businesses
and how they pay themselves.
Encourage your child to think of
their own cool business and how
they can make money from it.
EXAMPLE:
• Name and age: Aaron, age 6
• Business idea: A bicycle shop
• Name of the business: Rides
• How the business would make
money: “I would fix bicycles.
And sell some new ones, too.”
12 | The Trinitonian