21 December 2009

Series: Teaching Kids The Value of Money

Teaching Kids The Value of Money, Sustainability & Eventually Food Costing. When kids look at food they only see the visual or sensory aspect of foods - the thought that ingredients or that a meal costs something couldn't be furthest from their minds. Children see food as a either a thing of joy, or as a yucky substance to avoid. Even though there are quite strong feelings toward food, children are however for the most part, ready and willing to learn about where the food they eat comes from.

Where to begin?  Lets start with teaching the concept of money. Trying to talk about money right out of the gate might be a little preachy and not quite as interesting. Kids are interested in rhythmic melodies and beats and research shows melodic song improves and stimulates how children's brains absorb knowledge (See: The Mozart Effect). 


Knowing that I was about to bridge this theme, I was thrilled to be able to review and introduce a great video that accomplishes teaching the value of money in a melodic fashion : Munchkin Math: Counting Money.



  • Format: Animated, Color, DVD, NTSC #
  • Language: English
  • Region: Region 1 (U.S. and Canada only.)
  • Aspect Ratio: 1.33:1
  • Ages: 3-9yrs
  • Run Time: 22 minutes
  • ASIN: 0979901332
  • Website: http://www.munchkinmath.com/
Wendy Miller, the creator of Munchkin Math, teaches unique rhymes, chants and hand motions to enable a lasting impression while making the subject of money entertaining, with the help of her kid assistants.  The main objective of this DVD is to help build "The Money Worm" using different US coinage, as illustrated on the cover .

My 6yr old , who is really getting into money lately (she got an electronic piggy bank as a present) was very interested in the video - she thought that having the older boy (which I am guessing is 10 yrs old) in the video, was very "cool", and thought learning the songs was fun. She got into the mathmatics - shouting the answers to the screen. The first time she watched the DVD, she was moving with the beat and had learned the words on the 3rd go around. Even my 2 yr old had mustered a decent attention span - enough to point out the quarters & follow along with the narrated ques.

Pros:

Through rhythmical, visual and kinesthetic cues this video will help your kids absorb the core information - such as US coins - shape, size and values ; Plus math formulas they will use throughout school and life.

It is short enough to interest even the shortest attention spans, keeping kids engaged and entertained.

Cons:

I found the sound quality very good, but recorded at a very high volume (even louder than most videos) - be prepared to to adjust the volume immediately when hitting play.

Conclusion:

If you are looking for ways to educate children aged 3-9 yrs old, about US coinage, while providing a fun and entertaining way for learning, then Munchkin Math: Counting Money is a good DVD to invest in. It will present core math and money skills that will make a lasting impression.


More Teaching Money Resources:

  1. Money Instructor: TEACHING KIDS MONEY SKILLS "We have money worksheets, money lessons, money lesson plans, and interactive money exercises to help". This site is great. There are age appropriate sections for preschool through 10th grade.
  2. Kids.gov: Money - A whole lot of links dedicated to different facets of financial education. Great resources!


Once your children have a basic understanding of coin values, then you can move onto teaching more complicated subjects - such as ingredient or grocery costs. Have some insights into teaching children the value of money? Share them!

Be on the lookout for the next article in this series: Teaching Kids The Value of - Food Sustainability.






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25 comments

5:14 AM, January 07, 2010 Reply  

Teaching kids about the value of money is very important in shaping them become responsible adults. This musical approach sounds fun and very appropriate for small children.

p.s the electronic piggy bank looks fun :), but I still like best my old, pink, made of porcelain piggy bank.

1:14 AM, January 31, 2010 Reply  

It really annoys me that kids in the UK are not taught about the value of money or even how to save for simple things like home repairs or even decent food. Maybe the UK wouldnt be in such a bad state if people grew up with an understanding of the value of money.

2:31 AM, February 03, 2010 Reply  

Educating, motivating, and empowering children to become regular savers and investors will enable them to keep more of the money they earn and do more with the money they spend. Everyday spending decisions can have a far more negative impact on children's financial futures than any investment decisions they may ever make.
villa bali

5:18 AM, February 11, 2010 Reply  

It is really an effective way to gain valuable information and to do what we wish and desire regarding education.Thanks,it will be very helpful for bright future.

10:27 PM, February 17, 2010 Reply  

Teaching kids the value of money is extremely important and often over looked. I know many people who don't respect money and suffer greatly for it.

1:50 AM, February 20, 2010 Reply  

Teaching your child the value of saving and spending wisely is extremely important to shape them and make them responsible.And this musical approach is the best i ever hered.Thanks,it will be helpful for their bright future.

9:02 PM, March 04, 2010 Reply  

It is always a challenge trying to teach kids about the value of money and how "money doesn't grow on trees" so to speak. We live in such a consumer world that it can be difficult to teach kids this concept. I know I struggle with it.

Ben
2:26 PM, March 15, 2010 Reply  

I totally remember those as a kid. We used rhyme and song to learn the multiplication tables. I still remember most of them, which means it works! The one you're reviewing sounds like a great idea.

5:28 AM, March 22, 2010 Reply  

The benefits of teaching your children about money early on are both immediate and long term. In the short term, they may develop strong saving habits, learn how to make smart purchases, begin to understand the true meaning of "investment," and perhaps even learn why they can't immediately get everything they want. In the long term, you can help them avoid accumulating debt. And by teaching the value of saving for the future, you can help them plan for financial security.

9:30 AM, March 23, 2010 Reply  

i would like to see yyou on BBC food why dont you try

6:13 AM, March 31, 2010 Reply  

That's great to hear that, thank you.

3:25 PM, April 02, 2010 Reply  

I like this idea. This is just great. When teaching my kids to count we used other materials, such as boxes, fingers, etc. I didn’t realize that counting money/coins can affect positively to the children.

Counting by singing can also be fun activity for them, and it is easier to remember. It is important for parents to teach the children about finance and how to be settled. We can buy them a cute piggy bank, one kid gets his own piggy bank. And then, we let him put the coin into it one by one. It is the right moment to let him know that saving is a good long term investment. We can say that it can be used for his magic birthday party or to hire the kids party entertainer. For short term benefit, it’s just fun kids entertainment.

8:17 AM, July 15, 2010 Reply  

My young nephews (4 yrs) could use this video. I think I will order it for them. I was probably 7 or 8 years old before I knew anything about money!

3:36 AM, July 26, 2010 Reply  

The benefits of teaching your children about money early on are both immediate and long term. In the short term, they may develop strong saving habits, learn how to make smart purchases, begin to understand the true meaning of "investment," and perhaps even learn why they can't immediately get everything they want.

5:14 AM, October 05, 2010 Reply  

well teaching kids about wealth is good but i guess teach them in a perfect way is reliable cause if you can't control them then your lessons may drive them to be greedy.

5:41 AM, October 16, 2010 Reply  

I wished I was taught more about money as a child. I'll consider using this video for my kids. Or maybe I'll get the video for myself. I need the help :)

3:20 AM, November 24, 2010 Reply  

Do kids really have to know about money? I don't see it as a benefit, this will give them more knowledge about something they don't need to worry about. Kids should learn swimming and reading. Not money and spending

9:44 PM, December 16, 2010 Reply  

Its very important to teach kids regarding the value of money and it is move over important to teach them in there own style. Make them aware that the money don't grow on trees, and this all should be taught in the form of rhymes and songs. This will help them in making there career bright and they will understand what exactly is money worth.

10:37 PM, December 23, 2010 Reply  

Teach your children the value of money is sometimes difficult. The best way to present the money is easy and can be fun. Almost all parents can create games that can help their children understand and learn more about the value of money and counting.

10:42 PM, February 23, 2011 Reply  

It is very important for us to teach the value of the money to our children.

3:18 AM, March 17, 2011 Reply  

Informative blog about teaching children the value of food.

2:00 AM, March 31, 2011 Reply  

You post is very nice and such a superb to share with us. It helps to everyone to teach kids about money.

4:55 AM, April 07, 2011 Reply  

Thanks for sharing your article. I really enjoyed it.
I put a link to my site to here so other people can read it. My readers have about the same interest.

6:49 PM, April 09, 2011 Reply  

It's very important to give children a sense of the worth of money. My children love such DVDs so it's the best way to begin teaching such a topic.

5:50 AM, April 12, 2011 Reply  

Nowadays, teaching kids about the value of money is very important but sometimes it really hard for the parents to teach them, sometimes you need to consider their needs and more understanding in terms of money.

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