posted by Talk About Giving blog team
June 7, 2012 @ 12:30 pm
No matter the age, talking to kids about money can be tough. For many parents, conversation about finances is more daunting than talking about sex and drugs and considered taboo. And, while 80 percent of parents feel that schools should teach students basic money management and budgeting skills1, only seven states require students to demonstrate a minimum level of proficiency in personal finance before graduation from high school2.
“Children are better prepared to become financially secure adults when taught about the importance of giving, saving and budgeting responsibly,” said Helen Meyers, president, SC Economics. Teaching our children about finances is critical and the good news is that it doesn’t have to be difficult or overwhelming and there are many resources available to help.
Regardless of where your family is with financial lessons, EdVenture Children’s Museum in Columbia, S.C. has you covered this summer with Moneyville, a traveling exhibition that uses the subject of money to build math skills and promote economic literacy in a fun environment. And you know if it’s at EdVenture, it’s fun, educational and innovative.
When you enter the imaginary city of Moneyville, your children will have the opportunity to visit the Farmer’s Market, work as a cashier (who doesn’t love playing with a cash register?), set up a Lemonade Stand and even play the Stock Market. They can take a job as a bank teller, visit an anti-counterfeiting lab and even put their own face on a dollar bill.
Lessons range from the history of money, to the math behind finances (compound interest really can add up) to an introduction to the markets to making sound economic decisions to exploration of international trade markets – and more. And yes, there are learning opportunities for all ages – from young children to adults. Parents, expect to learn something you didn’t know!
And financial literacy is a large component in raising generous children. Philanthropic giving involves thoughtful planning, sacrifice and is not made on impulse. “We can’t teach our children about finances without teaching them about planning – and this is of critical importance in all aspects of financial responsibility – saving, spending, investing and giving,” added Meyers. “By teaching these concepts to our children, we are more likely to raise financially savvy adults.”
Moneyville will run at EdVenture through September 9, 2012. For more information about the exhibition and details about admission, please visit www.edventure.org.
- SC Economics: Jump On It! Financial Fitness for Life
- Talk About Giving: Money and Finances
- Prosperity4Kids, Inc.