My child purchased a new mascara

Activity: "My child purchased a new mascara"

Math

• The child practiced comparing prices by evaluating different options before purchasing the mascara.
• They applied basic addition and subtraction skills to calculate the total cost of the mascara, including any applicable discounts or taxes.
• The child worked on understanding percentages by considering the amount of discount provided on the mascara.
• They practiced budgeting and managing money by staying within a specific spending limit while purchasing the mascara.

Encourage further development related to this activity by introducing the concept of compound interest and saving money. Discuss the importance of saving for future purchases or emergencies. You could also explore the concept of personal finance and budgeting in more depth, involving your child in family budget discussions and decision-making. Additionally, consider introducing them to basic investing principles, such as stocks or mutual funds, as they grow older.

Book Recommendations

• The Money Tree by Sarah Stewart: This book introduces children to the concept of saving and investing money in an engaging and relatable story.
• How to Turn $100 into $1,000,000 by James McKenna: This book provides practical advice and tips for kids on saving, investing, and growing their money over time.
• Lemonade in Winter: A Book About Two Kids Counting Money by Emily Jenkins: This book combines math and money skills as two children set up a lemonade stand in winter and learn about counting, making change, and the value of money.