Money...
A. Yates
My seven year old is really into money right now.
He isn't really great at counting yet, but this is helping.
We have been talking about banks, and interest ect...
Have any suggestion? Any good books about this? Any activity books?
When he either earns a bit of money, or is given some, he wants to spend
it immediately on anything he can find. We have come to this... he can
have 25% to do what he wants to with, and he has to put the rest in the
bank. We count it with him because he really can't do it yet and gets
very frustrated. Then we figure what is 25%. Is there an easy way to
explain how to do percentage?
Thanks for any help you can give us.
Ann
He isn't really great at counting yet, but this is helping.
We have been talking about banks, and interest ect...
Have any suggestion? Any good books about this? Any activity books?
When he either earns a bit of money, or is given some, he wants to spend
it immediately on anything he can find. We have come to this... he can
have 25% to do what he wants to with, and he has to put the rest in the
bank. We count it with him because he really can't do it yet and gets
very frustrated. Then we figure what is 25%. Is there an easy way to
explain how to do percentage?
Thanks for any help you can give us.
Ann
Nanci and Thomas Kuykendall
We have come to this... he can
Nanci K.
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>have 25% to do what he wants to with, and he has to put the rest in the >bank.May I ask why he is only allowed to keep 1/4 of his money? Personally, we put money away in accounts for our kids automatically every month. Money that they get from jobs or as gifts belongs to them, to be responsible with or not as they see fit. I can see no better lessons in how to handle money, spending responsibly, making wise purchase choices, money management, saving, etc, than those learned from experience with their own money.
>Ann
Nanci K.
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Tracy Bobsin
Ann,
To get 25%, you could just have him separate the money into 4 equal piles.
He doesn't even need to know how to count it, just a quarter for each pile,
a nickel in each pile etc... Then when it is all divided up, one pile is
25%.
Tracy
To get 25%, you could just have him separate the money into 4 equal piles.
He doesn't even need to know how to count it, just a quarter for each pile,
a nickel in each pile etc... Then when it is all divided up, one pile is
25%.
Tracy
>
>My seven year old is really into money right now.
>He isn't really great at counting yet, but this is helping.
>We have been talking about banks, and interest ect...
>Have any suggestion? Any good books about this? Any activity books?
>When he either earns a bit of money, or is given some, he wants to spend
>it immediately on anything he can find. We have come to this... he can
>have 25% to do what he wants to with, and he has to put the rest in the
>bank. We count it with him because he really can't do it yet and gets
>very frustrated. Then we figure what is 25%. Is there an easy way to
>explain how to do percentage?
>Thanks for any help you can give us.
>Ann
>
>
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A. Yates
Nanci,
Because at seven years old he has a tendency to buy everything in site!
It turns out to be a big huge waste of money, and for junk.
I don't put money away each month...we have invested for each for the
future.
I think this is a way for him to learn to put a portion away without
spending it all. It will become automatic.
Ann
Nanci and Thomas Kuykendall wrote:
Because at seven years old he has a tendency to buy everything in site!
It turns out to be a big huge waste of money, and for junk.
I don't put money away each month...we have invested for each for the
future.
I think this is a way for him to learn to put a portion away without
spending it all. It will become automatic.
Ann
Nanci and Thomas Kuykendall wrote:
> From: "Nanci and Thomas Kuykendall" <tn-k4of5@...>
>
> We have come to this... he can
> >have 25% to do what he wants to with, and he has to put the rest in
> the >bank.
> >Ann
>
> May I ask why he is only allowed to keep 1/4 of his money?
> Personally, we put money away in accounts for our kids automatically
> every month. Money that they get from jobs or as gifts belongs to
> them, to be responsible with or not as they see fit. I can see no
> better lessons in how to handle money, spending responsibly, making
> wise purchase choices, money management, saving, etc, than those
> learned from experience with their own money.
>
> Nanci K.
>
> ------------------------------------------------------------
> Show off your pagan (and Idaho) pride, get Idaho Pagan Mail today!
> Sign up at http://www.idahopagan.com/mail.html
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>
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> Message boards, timely articles, a free newsletter and more!
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susan
yeah sort of demystifying it, satisfy their curiosity so they can move on to
things other than buying/acquiring.
-susan
austin,tx
metta wrote:
things other than buying/acquiring.
-susan
austin,tx
metta wrote:
> From: metta <metta@...>
>
> > Because at seven years old he has a tendency to buy everything in site!
> > It turns out to be a big huge waste of money, and for junk.
>
> You know, this is a good lesson learned. I remember learning that lesson,
> and my kids have too. I let them spend their money on whatever they wanted.
> How disappointing to realize you've wasted your money. Now they think
> carefully before they buy something.
> --
> Thea
> metta@...
>
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Ron and Stephanie
Ann,
When my son was learning %, we used pies. Anything in circles, pizzas are
great too!
Stephanie
When my son was learning %, we used pies. Anything in circles, pizzas are
great too!
Stephanie
Joshua Heath
-----
was easier since he just let it save up in his piggy bank untel he had
enough to buy whatever it was he was saving up for.... but not so now....
Now he has a greater awareness of all his choices. He gets $2.00 per week
to spend as he likes... he went through a period not too long ago where he
would buy a package of Pokemon cards every two weeks... bun thankfully that
has passed, and he is now into saving it up with his brother, so that they
can save up for larger items. (legos, science kits, CD rom games etc.) We
just let him do it and found the more we pressured him to spend it according
to our ideas... the more determined he was to spend every last penny on
Pokemon cards... I remember as a youth myself... as I got older I gained
the discipline to save for progressively bigger items... a watch, a bicycle,
a moror-cycle or three, then on to cars... My guess is that your son too
will eventually learnon his own... to me it is a great example of natural
learning in action.
As far a % goes... have you tried explaining that in $1 , 1% of it is 1cent,
and 2% of it is 2cents and so on.... so that each percent of a dollar is
represented by 1 cent. I know my 7 y/o is still slow to grasp such concepts
though... and i am content to wait as I am sure that he will grasp them in
time and be much better off than limping along in the school system feeling
"stupid" because it is so hard for him.
Joshua
> My seven year old is really into money right now.We have a seven year old as well... He is also into money. In the past it
> He isn't really great at counting yet, but this is helping.
> We have been talking about banks, and interest ect...
> Have any suggestion? Any good books about this? Any activity books?
> When he either earns a bit of money, or is given some, he wants to spend
> it immediately on anything he can find. We have come to this... he can
> have 25% to do what he wants to with, and he has to put the rest in the
> bank. We count it with him because he really can't do it yet and gets
> very frustrated. Then we figure what is 25%. Is there an easy way to
> explain how to do percentage?
> Thanks for any help you can give us.
> Ann
was easier since he just let it save up in his piggy bank untel he had
enough to buy whatever it was he was saving up for.... but not so now....
Now he has a greater awareness of all his choices. He gets $2.00 per week
to spend as he likes... he went through a period not too long ago where he
would buy a package of Pokemon cards every two weeks... bun thankfully that
has passed, and he is now into saving it up with his brother, so that they
can save up for larger items. (legos, science kits, CD rom games etc.) We
just let him do it and found the more we pressured him to spend it according
to our ideas... the more determined he was to spend every last penny on
Pokemon cards... I remember as a youth myself... as I got older I gained
the discipline to save for progressively bigger items... a watch, a bicycle,
a moror-cycle or three, then on to cars... My guess is that your son too
will eventually learnon his own... to me it is a great example of natural
learning in action.
As far a % goes... have you tried explaining that in $1 , 1% of it is 1cent,
and 2% of it is 2cents and so on.... so that each percent of a dollar is
represented by 1 cent. I know my 7 y/o is still slow to grasp such concepts
though... and i am content to wait as I am sure that he will grasp them in
time and be much better off than limping along in the school system feeling
"stupid" because it is so hard for him.
Joshua
metta
> Because at seven years old he has a tendency to buy everything in site!You know, this is a good lesson learned. I remember learning that lesson,
> It turns out to be a big huge waste of money, and for junk.
and my kids have too. I let them spend their money on whatever they wanted.
How disappointing to realize you've wasted your money. Now they think
carefully before they buy something.
--
Thea
metta@...
David Albert
"A. Yates" wrote:
200 penny pile 50 penny pile
Then 1 pie 1/4 pie 25% of a pie
2 pies 2/4 pie 25% of two pies
1 hour 1/4 hour 15 minutes 25% of 1 hour (this depends on where he is
with time)
Another way is to build a bar graph (or the old thermometer graph) with a
goal - the price of a toy he wants to buy, or amount you/he wants to save,
etc. = which is called 100% (1 unit); then plot your way over time.
We've used all of these (and similar) to good effect. The trick (for us)
was to steer clear of the arithmetic, which just gets in the way, and focus
on the concept: 100%=1 unit
David Albert
--
"If you love being stopped mid-page by powerful observations that strike
your mind like little explosions of light, get this book."--Home Education
Magazine. To read a sample chapter from "And the Skylark Sings with Me",
and to order a signed copy (credit cards accepted), check out
www.skylarksings.com
> From: "A. Yates" <hooperck@...>100 penny pile 25 penny pile
>
> My seven year old is really into money right now.
> He isn't really great at counting yet, but this is helping.
> We have been talking about banks, and interest ect...
> Have any suggestion? Any good books about this? Any activity books?
> When he either earns a bit of money, or is given some, he wants to spend
> it immediately on anything he can find. We have come to this... he can
> have 25% to do what he wants to with, and he has to put the rest in the
> bank. We count it with him because he really can't do it yet and gets
> very frustrated. Then we figure what is 25%. Is there an easy way to
> explain how to do percentage?
200 penny pile 50 penny pile
Then 1 pie 1/4 pie 25% of a pie
2 pies 2/4 pie 25% of two pies
1 hour 1/4 hour 15 minutes 25% of 1 hour (this depends on where he is
with time)
Another way is to build a bar graph (or the old thermometer graph) with a
goal - the price of a toy he wants to buy, or amount you/he wants to save,
etc. = which is called 100% (1 unit); then plot your way over time.
We've used all of these (and similar) to good effect. The trick (for us)
was to steer clear of the arithmetic, which just gets in the way, and focus
on the concept: 100%=1 unit
David Albert
--
"If you love being stopped mid-page by powerful observations that strike
your mind like little explosions of light, get this book."--Home Education
Magazine. To read a sample chapter from "And the Skylark Sings with Me",
and to order a signed copy (credit cards accepted), check out
www.skylarksings.com