Teaching Financial Wellness to Kids: Fun Summer Tips from Mississippi's Treasurer
Discover fun and practical tips from Treasurer McRae to equip your children with financial wisdom this summer.
The heat is on, and while kids in Mississippi are busy splashing in pools and enjoying popsicles, there’s a unique opportunity to introduce them to financial wisdom that could last a lifetime. As David McRae, Mississippi’s Treasurer, shares, financial education can be woven into summer fun with engaging and educational activities. Here’s how.
The Grocery Game: Learning Value On The Go
Why wait for a special occasion to teach your children the value of a dollar? This summer, McRae suggests trying out the Grocery Game, where your child receives $10 to purchase ingredients for a family meal. The real experience of comparing prices and deciding between needs and wants can be eye-opening. Plus, any change left over is theirs to keep!
Chore Savings Challenge: Earn Your Treat
Launching a chore savings challenge is an inspiring way to teach kids about saving. Starting with a mason jar and a picture of a desired toy or activity, children learn to allocate their weekly allowance to meet their goal. This approach effectively teaches patience and goal-setting.
Educational Game Nights: Fun Meets Finance
Board games like Monopoly may already be family favorites, but don’t overlook others like Pay Day, The Game of Life, or CashFlow. These games simulate budgeting and financial decision-making in a fun environment. Additionally, Treasurer McRae highlights various online games available at Treasury.MS.gov/Financial Education as a valuable resource.
Real-Life Practice: From Lemonade Stands to Budgets
For hands-on learning, setting up a pretend store at home or helping your child run a real lemonade stand allows practical skills to flourish. Older children can gain insights from creating a family budget or accompanying parents on banking trips, observing real financial interactions.
As Treasurer McRae says, while making summer memories, infuse financial lessons that will benefit your children throughout their lives. It’s a small step with a potentially big impact.
Have a financially savvy, fun-filled summer!
Mississippi Treasurer David McRae plays a significant role in managing the state’s finances, supporting educational savings, and returning unclaimed funds. Explore more at Treasury.MS.gov.
According to DeSoto County News, embedding these learning experiences during their formative years may lay strong financial foundations.
