Helping Children Understand the Value of Money

June 26, 2017

It’s important to teach children the value of money at an early age. But where to start? South Suburban Currency Exchange can help. With over 65 years of experience in financial services, we can lay the bedrock for your children’s finances and help them manage their hard earned allowance.

Your child’s allowance is a great way to start them on the path to understanding and managing their money. Don’t be too eager. Start small. Your child’s allowance doesn’t have to break the bank. Give them just enough to buy small items like figurines or new markers. This will teach them to budget and help them save when they want to make a bigger purchase.

Why not get a math lesson while you’re at it? Create a chart to display in your home with financial equivalents. For example, two nickels is equal to one dime. Being able to see the coins and their equivalents on a chart will provide tangible representations for money and its value.

Remember, have fun! Don’t let money be a daunting responsibility. There is a great satisfaction that comes with saving your money to reach your goals. It’s never too early to get into those habits. The financial services at your local South Suburban Currency Exchange can help you (and your child) develop these lifelong skills and be in control of your money.

Want to know more? We’d love to help! Stop in and visit us at one of our four currency exchange locations. Find us in Park Forest, Mokena, Richton Park, and Frankfort, Illinois.