My child learnt about money

Math

• The child learned about the different denominations of currency and their values.
• They practiced adding and subtracting money to make purchases and calculate change.
• The child developed an understanding of budgeting by planning how to spend a set amount of money on various items.
• They learned about simple interest and how it can affect savings and loans.

For continued development, consider introducing the concept of compound interest by setting up a savings account for the child and discussing how their money can grow over time. You can also plan a family budgeting activity where the child gets involved in making financial decisions for the household.

Book Recommendations

• The Lemonade War by Jacqueline Davies: A story that follows the entrepreneurial journey of two siblings as they start a lemonade stand and learn about money and business.
• The Toothpaste Millionaire by Jean Merrill: This book tells the story of a young boy who starts a toothpaste business and learns about entrepreneurship and financial management.
• Math Curse by Jon Scieszka: A humorous book that shows how math concepts are present in everyday life, including money and finances.