What's the earliest one can introduce money to their kids? As long as they enjoy talking about it?
Discussion
I'm not sure if this answers your question, but we've been experimenting with teaching history of money through interactive and fun models in 30-minute sessions. The kids love the approach, even if they might not get the full grasp of the content. It's kinda like serving veggies in a form of a tasty snack; they dig in without realizing they're actually learning something valuable.
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53 Board Games to Teach Your Kids About Money (At Every Age) https://freedomsprout.com/money-board-games/
I hope this helps you.
I was introduced to it at around the time I entered school (6-7 years old). o.o
Do you mean: money used outside the family? Or like an allowance or school reward thing?
Any aspect really
IMHO thereās not really a minimum age to introduce money as a tool to communicate with others, like using coins in a gum machine. But I probably wonāt ever do an allowance. At some age when a kid wants to buy his or her own clothes, we plan to hand the reins over to some specific budget stream and say āhereās your ā”ļø300 00 each month, have at it.ā
We have been talking to ours about money since they were four.
Interesting. My youngest is 3 but thereās no way heāll grasp it yet. He does like to hand over cash to cashier (yes we still use cash here)
At first it is very basic. We talk about saving, delayed gratification, using it for experiences vs stuff. We talk about my wife and I exchange our time for money and then we can use that money to do the things we enjoy. Putting time into yourself, teaching yourself, gaining skills, so that you can charge more for your time, and then use that to pay for the things you enjoy. It kind of just fits in with the rest of our conversations about what we prioritize for ourselves and our family.
Dude kids get value for value better than most adults. Use skittles as a stand-in for money and they will start playing some 5D chess.
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My three year old is helping around the house, and being a good kid in exchange for 'good girl stickers'
She can redeem her stickers for a new toy or anything she wants, 20 stickers for snall toys, 50 for a more substantial one, or more for larger purchase.
We set the price and the issuance of the stickers, of course. š¤£
My 8y/o can redeem her atickers for money, 1000 sats per sticker. Though the criteria for earning stickera for her changes with her current goals.
We are playing the central bank, so they'll also learn that central bank controlled money = obedience and control.
We can rug them anytime.
We can't if they hold sats.
They understand bartering better than we think they doā¦
āYou want the nip? Thatāll be 365k satsā¦and Iāll need proof of workā¦you are gonna have to crawl for it!ā