June Holiday Family Activity

Meaningful conversations about money

Our children’s attitudes towards money and personal finance often develop from the conversations we – as parents – have with them from an early age. This school holidays, why not take the opportunity to introduce financial topics into the conversation?

We’ve created three activity sheets to help you start meaningful conversations about personal finance with children of all ages.

Sheet 1: Things that Matter to Me

For ages 3 – 6

Asking a child to share the things that matter the most to them may help parents to introduce the concept of value. Encourage children to compare the value of intangible experiences – such as spending time with the family, playing with friends, etc – against objects that can be replaced (toys, clothes, etc).

Download the activity sheet to start colouring!

Sheet 2: Needs and Wants

For ages 7-9

Discussing the difference between a ‘need’ and a ‘want’ may help your child to understand the concept of prioritising. Sometimes in life it is necessary to prioritise our spending, to ensure our needs are taken care of before we spend money on our wants.

Download the activity sheet to teach your child the differences between needs and wants.

Sheet 3: Match the Personal Finance Terms with their Definitions

For ages 10-12

As your children get older, you may wish to start involving them in some of your family’s money decisions. One way is to start using personal finance terms in your conversations. Encourage your children to ask questions during or after the activity.

Download the activity sheet to start a discussion about personal finance terms.

Never stop learning

Have an older child? Read this article to find tips to talk about money management with a teenager.

Discover more personal finance tips for the things that matter with Life and Money by Citi.

Disclaimers

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