Teaching Your Child About Money

I am a Money Magnet! We are Money Magnets!
It is important to teach kids early on how to distinguish between their wants and needs and how to save money.  Recognizing this need, the Bangko Sentral ng Pilipinas (BSP) opened an exhibit entitled "Money Matters for Kids" tailored for children aged 2 to 12.  The exhibit helps children learn how to save and to appreciate the value of money.  The exhibit is open to the public until October 29, 2011 at the Metropolitan Museum in Roxas Boulevard.  

Read the press release of BSP below and don't forget to take your kids to the exhibit before it closes.

The Money Matters for Kids travelling exhibit is a fun and interactive way for children aged 2 to 12 years old to learn about the concept of money, saving, spending and sharing and the importance of saving for the future.  This exhibit first opened in Museo Pambata before it travelled around various malls and community centers reaching an estimated 90,000 kids since its launch in 2009.  

The exhibit features several interesting activities.  There is a make-believe bank where children can pretend to be bank tellers and bank managers.  The bank also comes with a toy ATM where kids can pretend to put in their card and punch in their PIN code.  At the same time, the toy ATM teaches them the meaning of withdrawals and deposits, savings and current accounts.  "Spot the Difference" which features two giant bills will help children to distinguish between fake and real bills.  Children can also scan their money under an ultraviolet light so they can see the security features.  Another exciting activity is a grocery shop which will help kids identify between needs and wants. 

The BSP accepted the donation in line with the objectives of its integrated Economic and Financial Learning Program and in line with its thrust to promote financial education.  Financial Education has been the BSP's defined advocacy since 2004 which aims to enhance awareness, develop basic skills and build a culture of saving and responsible investment among the Filipino people. 

By teaching the value of money at a very young age, the BSP aims to help children grow up to be wise savers, careful spenders and smart consumers.

Get your free email updates.  Subscribe here.

Related Posts Plugin for WordPress, Blogger...

Related Articles: