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In keeping with the globally pervasive economy-centered conversation, we had a financial "first" experience that to my view, merited monumentalization.
Grandma Ross gave Darren and Sarah checks -- made out in their names -- for their birthday in September. Knowing that she'd be calling soon to ask why we'd not cashed them yet (I inherited my balance-it-to-the-penny retentiveness from my mother), we used the opportunity for a bit of background on banking. Truth told, my irritation was escalating with the "just go to the money machine" exhortations whenever putting the kibosh on the kids' cash-requiring requests. Now was as good a time as any to learn a few new terms and practices, like:
ENDORSE. Used in a sentence: "You need to endorse the check in order to cash it.
ACCOUNT: Used in a sentence: "Even if you have an account, you still need to wait in line."
TELLER: Used in a sentence: "Mrs. Haynes, the teller, will cash your check for you. She will ask if you would like 2-$20's, 4-$10's or 8-$5's."
TRANSACTION: Used in a sentence: "With your cash, you can make a transaction -- purchase an item you've wanted for a long time. Thank you, Grandma."
23 comments:
You are just the most innovative mommy ever!
Oh what a valuable lesson! I HATE the money machine requests.. or when my kids say, "just use your card!" yeah. because that card isn't linked to money at all.. if only!
This is such a great way to teach your little ones a few monetary terms. I'll have to try to remember it for when my sweeties get a bit older!
I love reading your posts!! I would have never thought to capture a moment like that with my camera with my kids. But now, I'm thinking about it!!!
you are an incredible mama, you know that? just such an inspiration...or should i say twinspiration :)
Great idea! You're so awesome! I've never thought about doing something like that. Instead, I just take care of everything & give them the cash. I'll have to remember that when their birthdays roll around again!
What a great lesson to learn!
You rock. (rokc? heh)
The whole "Do you think money grows on trees??" thing worked on me until I realized that money is made of paper (at least, the kind I wanted), and paper is INDEED made from trees...
ditto what everyone else said. Cheryl, you rock the twin mama world!!!
"Check" it out. *snort*
What a great idea, though. I will be remembering these things!
Make sure to teach them the important of the words "debt" and "credit", cause no matter how good they are with money, their debt or someone else's will always be trying to crash the party!
Oh what a good idea! I still remember the first time my oldest (who is now 18) told me, "Just write a check, Mama." *rolls eyes* He's learning now with his first job AND college. lol
You are such a wonder. :) You give us such good examples of ways to teach our kiddos. Thanks!!
Great lesson in financial responsibility!
Very, very cute!!! Great idea!
BTW...we got the cd and the kid love the it!!! Thanks again!
What a GREAT life lesson! You are SO on the ball with your kids!
Great lesson!
Bet they had fun spending their money!
Lage field trips are better than any others.
LOL! That was SUPER cute!
Great post! You're teaching them so well. We have a piggy bank, and that's about it.
Cheryl, has anyone told you that you leave the BEST comments? If so, it was probably me!
I'm actually a left-of-center indep. in an area where southern repubs are the vast majority, including in the church my husband pastors. But you're still cool with moi. ; )
Oh, wonderful lessons! And with the photos, you turned this lesson into a wonderful memory.
My parents always give the boys Savings Bonds for their birthdays and for Christmas. They are just now starting to understand what a neat gift this is.
Great learning experience. I remember my own mom explaining to me that checks weren't another kind of money... they represented money. It was a very deep conversation for a 6 year old... but she managed to explain it in a way that I understood.
The whole receiving a check thing to the kids can be confusing. They have no idea why someone would give them paper. This was good.
Fantastic little unit study for them--what a great way to get them launched in all things finance!
(wonder if they'll ask you for a bail-out if they blow through their savings...;o) )
Blessings!
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