Parent and Child Psychological Services of Sarasota
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.Parent and Child Psychological Services PLLC 
Operated by Katherine Gibson, Psy.D., ABPP, Licensed Psychologist PY 8934
941.357.4090 (SRQ)/ 727.401.7327 (St Pete)

helping little ones learn the value of money

8/26/2014

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Several families have asked me about how they can teach their young children to understand the value of money. Kids are learning about money every day when they see you shopping or see ads on TV. Helping children develop an understanding of the value of money goes beyond knowing how much something costs. 
  • A good place to start is by talking aloud about the choices you make regarding where to shop and what to buy. Talk about how you choose which place to shop and the steps you go through to find the best value of items.  
  • Talk about the difference between things you need and things you want, and how to decide when it is the right time to buy something you want.
  • Talk about how you earn your income- that it requires doing work and waiting to get paid. 
  • Play is always a great way for kids to experiment and figure things out- make some play money for your child to use, or for kids a little older play games like Monopoly or Life. 
  • Even kids as young as preschool can start to have jobs around the house where they contribute and can earn things, whether it be monetary or privileges. 
  • Point out fun things that can be done without money, and create free adventures for your family.



Sesame Street has a great toolkit for parents that discusses teaching the value of money through spending, saving and sharing. It is called "For Me, For You, For Later" and has video clips and printable resources that can be found at: http://www.sesamestreet.org/parents/topicsandactivities/toolkits/save. 


The Sesame Street website has great tool kits for parents on a wide variety of topics that are worth checking out. 

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    Dr. Gibson is a Licensed Psychologist who works with children, teens and families to help them be successful and thrive.

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Parent and Child Psychological Services PLLC 
info@childtherapysrq.com
941.357.4090                                                                                                                                                                727.401.7327
4071 Bee Ridge Road, Suite 204                                                                                                              780 94th Ave N, Suite 112
Sarasota, FL 34233                                                                                                                                      St Petersburg, FL 33702
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