It's never too early to help your preschooler learn money concepts. These age appropriate activities will give your child a jumpstart into understanding the wide world of finance.
1. Buy your child a piggy bank and encourage him/her to put money that she earns or finds into it. I started my son off young by buying a piggy bank that matched the decor of his room. Between the ages of one and two, I gave him a pile of loose change and showed him how to put money in the piggy bank (I watched him closely of course to make sure he didn't eat any coins). He enjoyed it so much that now anytime he finds a coin on the ground he gives it to me to put in his pocket so we can put it in his piggy bank at home. Occasionally, we pour out all of his money and I make a big deal out of how much he has saved. (Small Motor Skills, Money Concepts)
2. Save your change for a while and teach your child the names of each of the coins. Then show your child how many quarters make a dollar, how many nickels make a dollar, etc... This activity will give him or her an early start on the concept of different values of money. Then practice counting the coins together. (Numbers and Counting, Money Concepts)
3. Give your child a handful of change and let him or her sort it into different colors then different sizes. Go over the names of each coin. (Sorting, Money Concepts, Colors, Sizes)
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