MONEY BASICS

Age: 3-8

What is money?

Money helps us get the things we need and want like food, toys, and clothes. It can be coins, notes, or even digital numbers on a screen! Children learn that money has value and can be given, saved, or spent to make good choices. Understanding what money is helps them start building smart habits early.

Earning and saving

We earn money by doing helpful things, like chores or small tasks. When kids earn coins, they can decide what to save for later, spend on something fun, or give to help others. Learning to save a little each time teaches patience and the joy of reaching a goal!

Needs are things we must have to live like food, clothes, and a home. Wants are fun extras like toys or treats. By sorting items into “need” and “want,” children start understanding how to make thoughtful spending choices.

Needs vs wants

Simple chores for earning coins

Doing age-appropriate chores, like tidying toys or helping set the table, teaches responsibility and the value of earning. Parents can use jars labeled Give, Save, Spend so children can see their money grow and learn to manage it in a hands-on way.

Fun stories or cartoons about money

Stories and cartoons make learning about money exciting! Characters who earn, save, and give help kids see real-life examples of smart money habits. Interactive stories can show how good decisions lead to happy outcomes — and spark great family conversations.