Money Matters for 4 Year Old

Updated on March 05, 2012
N.T. asks from Bartlett, IL
7 answers

Hello all
i bought fake money notes for my son, who will be 4 yr. next month. I have not gave him yet. he has been saving coin money and putting in his piggy bank since last 6 months. his piggy bank is full, I explained him we should put all these money in a bank. so do you know any bank, gives tour.. kind of little explanation..something kids would remember .. and what is the best age to introduce those note money. how would you do it? does anybody know any game, i can play with him, just to have him better understanding.. any other ideas are welcome. Thank you all

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☆.A.

answers from Pittsburgh on

Play "Store" with him.
Teach him how to count out $ for his bill.
Move onto making change, etc.

My son still loves the game PayDay.

2 moms found this helpful
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M.O.

answers from Chicago on

Money is a difficult concept for a 4 yr old. They are learning money in my First Graders class (mind you the 2nd half of the year).

At this point, get him to understand that money is used to buy things, that it's important for him to save and get him a bank account. We "match" whatever our kids put into their bank accounts (not the Piggy). I take them to the bank after every birthday to make a deposit.

I agree with getting a good cash register, one that calculates. He'll have hours of fun. My kids play store all the time. They even make price tags and line up all the items and go shopping!

1 mom found this helpful
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E.T.

answers from Albuquerque on

You don't really need a game to introduce money to your kid... just give it to him and count with him. Show him how the coins add up to dollar bills, and how dollars add up to 20, etc. My 4 year olds love pretending to be store clerks - they "sell" each other stuffed animals and pay money.

No ideas on a bank... but you can call local ones and ask.

1 mom found this helpful
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B.B.

answers from New York on

We have a toy cash register and we pretend to go shopping and my son even uses his "coupons" like I do!

1 mom found this helpful
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L.M.

answers from Chicago on

Just have him "buy" things from you, and have him name the price. He doesn't have to know exactly how to count the money or how many coins are in a dollar etc. It will be fun. The piece of candy will be $20, but if you were to buy the whole house it will be 5 cents.

I let my kids take the non breakable, non open things from the pantry and play store with them. They set the food up on the couches and stairs and use our little toy cash register to ring it up. Then they put the groceries in our left over shopping bags. Lots of fun.

1 mom found this helpful
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B.K.

answers from Chicago on

Harris ban (bmo Harris bank) has a program for helping money make sense for kids. I havemt used it, but check it out

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