4

Financial Readiness

What to Work On From Home

  • Begin with providing the student with a small amount of money to purchase items agreed upon. As the student gains confidence allow them to make the choice of the purchase. 
  • Have convesations you’re your student about costs of items they use or like. This could be snacks, groceries, games, books.
  •  Talk about what money is and why we have it. payment for goods and services.
  • Encourage your child to talk about money and items they own. Ensure that you discuss this with the school so consistency is maintained. 
  • Go to a financial institution where the student is able to open their own account for saving money (with support as needed)
  • Learning to pay for things. Grocery store trips are encouraged as a way to learn this. Give a list of 3-5 things they must find and pay for. (begin with as many items as the student would be able to find); determine what grocery store is familiar to the student

Educator Considerations

  • The school follows the same structure as being used at home. Talking about money and doing activities to learn math (as they are able) is important to make it a topic they will become comfortable about. 
  • Using the school has a canteen or fundraising projects would allow the opportunity for the students to learn to identify and count money.
  • If possible, preparing deposits or taking money to a banking institution is a next step.
  • Reading books/stories that involve money in the text will assist students to learn about the use of money. 
  • Learning to operate a calculator can be helpful and a next step for students.
  • Learning to pay for things. Grocery store trips are encouraged as a way to learn this. Give a list of 3-5 things they must find and pay for. (begin with as many items as the student would be able to find); determine what grocery store is familiar to the student

Introduction to Money Basics

Introduction to Financial Literacy

Money Management Lessons