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Lucky Penny! Fun Ways to Teach Kids About Saving

By on May 20, 2014 in Uncategorized | 0 comments

Kids savings

Find a penny, pick it up. All day long, you’ll have good luck!

 

A penny may not get you as far as it used to (why yes, Virginia, there WAS a penny candy store!), teaching your kids to save their pennies can help foster life-long financial literacy and awareness.

 

Best part? It can be FUN. 

 

In honor of lucky penny day, here are some easy ways to talk saving strategy (not penny pinching) with kids!

 

Play Store: Kids love imaginary play! By joining them in a pretend store, you can show them how money is exchanged for goods and how goods have value. Pretend play has lots of value (pun intended!).

 

Count and Convert: Just how many pennies does it take to make a dollar? Have your kids save their change for a month, count it, and exchange it for dollar bills. Every little bit adds up.

 

Try Moonjar:  The Moonjar teaching bank is divided into three boxes, one each for Saving, Spending, and Sharing. We encourage kids to visualize their goals for each Save, Spend, and Share- most kids are visual learners and when they see the goal and recognize there are choices around achieving that goal, they can set themselves up for success! You can read our interview with MoonJar jar creator Lalie Scandiuzzi here and pick one up at your local toy store! 

 

Family Game Night: Classic board games like Monopoly or The Game of Life are fun ways to teach older kids about saving and spending. Need some family game night tips? We’vegot you covered.

 

 

About Lucky Penny Day: National Lucky Penny Day is celebrated each year on May 23rd. The penny was first minted in the United States in 1787 — and were made entirely from copper.  Oftentimes, pennies are carried in pockets and tossed into fountains for good luck. It is said that a jar of pennies in the kitchen will bring good luck, too. 

 

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