You asked

How can I make my child aware of the value of money?

Children don’t really understand the value of money – or that you have to work for it. Usually, they simply believe that going to the cash machine, and putting your card in, results in cash. There are a few simple ways to teach your child about money though.

Take your child along to the bank. Watching you deposit and withdraw money in the bank helps your child to understand what cash is. Involve your child as much as possible, and when your child is a little older, getting him or her his or her own bank account can also help to cement the idea of money.

Visit garage sales or flea markets. Let your child browse for bargains, and use their pocket money to buy a special something. As your child gets older, they will start to realise that their money gets them more at this kind of event than it would at the shopping centre.

Visit farmers markets. Supermarkets, with their bright lights and clean aisles, tend to make the connection between work and money a little vague. Buying from farmers, with work roughened hands, will help them to understand that the farmers have to work to produce their crops, and that, in turn, earns them money.

Let your child see the costs when you swipe your card. Watching you hand a shop or petrol station attendant your card doesn’t really show your child that you’re spending money. Show your child the bills, and point out the costs of the things you buy.

Arrange to volunteer for a good cause, or have a de-cluttering day, and donate the items to charity. Take your child along, and they will start to understand that some families have more than others. This is an important lesson for any child.

Let your child help you to cut out coupons. Show them the amount that you’re saving on the coupons, and when you’re finished shopping, the actual amount of money you’ve saved. This make saving money on purchases more real for your child.

Have a family savings goal. Put a big jar somewhere prominent, and save up for a special outing, or for something you want to buy for your home. Your child can watch the saving pile up, until eventually, you have enough money to buy or do the thing you’ve been saving for.

More questions

As with most activities done in excess, too much time spent on computer games and console games can negatively affect your child's development.
A preschooler may not be ready to learn the finer points of table manners, but they are old enough to understand the basics.
Young children who pick their noses incessantly may do so to relieve stress or boredom, or it’s may just be a nervous habit like nail biting. Many times, the child does not even realize they are doing it.
If you want your child to grow up with a strong spiritual foundation, it’s never too young to start teaching, but remember to teach by example.
When you catch your preschooler telling a lie, it is natural to be worried. Parents may feel that when their child lies, it reflects on their parenting abilities.
When you catch your preschooler telling a lie, it is natural to be a bit upset. A parent may think that when their child lies, it reflects on their parenting skills.
Get your child’s attention immediately by whispering to him - this let’s your child think that something fantastic is about to happen!
Four year olds generally recognise differences but can still get confused
If you really do not know how to accurately explain the birds and the bees to your child, then it would be a good idea to invest in picture book. There are some great ones available, where the experts have done all the explaining for you.
By 24 months, your child will use around 80 words and understand many more.



Hello Mama!
Help us help you by allowing us and our partners to remember your device as having browsed MummyPages and serve you better content and ads

We're on a mission to help our mums and their families thrive by informing, connecting and entertaining.

Join us in our mission by consenting to the use of cookies and IP address recognition by us and our partners to serve you content (including ads) best suited to your interests, both here and around the web.

We promise never to share any other information that may be deemed personal unless you explicitly tell us it's ok.

If you want more info, see our privacy policy.