Money worksheets for children are a great way to encourage your little one to learn to save their money instead of spending it on everything they want. Many parents make the mistake of buying everything a child wants as a gift and assume that the child will learn to save money in time. This is not always the case. There are many situations where you can simply give the cash to your child instead of buying him or her every gift you can find.
Money Worksheets Grade 1
Money worksheets for grades 1 and 2 should contain basic information. For example, if your child has reached his or her first birthday, the grade book may show that the child has reached some milestones that indicate that he or she is growing up into a responsible financial adult. The money worksheets should have some simple graphs and tables that show this progression over time.
Once the money is out there, you want to be sure that your child understands how it works. Most children love to draw and paint, so having a worksheet with some pictures of what can be done with the money can motivate the child to get started right away. The grade books usually come with charts about future income and expenses, so listing all of the income and expenses for your child will have in the future can help with this. Highlight the expenses that are larger than this and help your child understand these will be large expenses as well. For example, if a child gets a car, then a budget needs to be set up for the car, and this will include insurance costs.
Money worksheets for grades 1 and 2 also need to include some examples of typical spending. These can include things like clothes, video games, and toys. The child should have some examples of how much money he or she spends each week on each category. If he or she does not have any examples, then you will want to include some examples of everyday spending. The goal is to help your child realize that they are spending money and that some of their money is going toward bills.
Since money worksheets for grades 1 and 2 are usually available in preschool classes, this is a good time to teach children the value of money. You may want to bring a penny with you to the class, so that your child can see how much he or she is actually spending. The child will probably have a much better idea of what their spending is compared to their income. This is also a good time for you to discuss the difference between money that is given to a family and money that are spent by a family.
By using money worksheets for grades 1 and 2, you are teaching your children the basics of how money works. It gives them a framework for understanding money and the money value. The grade books will also contain many additional lessons on the topic. You want to be sure that you are giving your child the tools to understand these concepts before moving on to more complex ideas.