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Free Powerpoint Templates Page 1 Free Powerpoint Templates Parentonomics What makes your child understand the value of time, money and commitments?

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Workshop organized for parents from NIST (New International School of Thailand).

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    Free Powerpoint Templates

    Parentonomics

    What makes your child

    understand the value

    of time, money and

    commitments?

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    For Young Children

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    Year 1 Through Year 6 is the Time to Start

    1. There is nothing they really cant learn

    2. By Year 1 they already have experienced money in

    some form

    3. They already want stuff (and let you know about it!)

    4. Spending habits start early and they reflect their

    parents by watching

    5. Influenced spending (What we purchase our kids at

    their urging)

    6. Advertisers and marketers target children as early as 18

    months old

    7. Never under estimate the credit card companies!

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    Art Smarts An early interest in and recognition of money can help children develop a stronger economic sense

    Look at the images on the fronts and backs of coins and bills.

    Discuss the meaning behind these images

    Draw a big circle and have your child create a picture hed like

    to see on a coin or bill

    Let your child explore coins by making rubbings place a piece

    of paper over a coin and rub

    across the raised images

    with the side of a crayon

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    To a young child, bigger = better

    Learn the value of coins takes some practice since

    the actual physical size of the money does not

    necessarily correlate to value

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    Start Simple:

    1 Crayon = 1 baht

    5 Crayons = 5 baht 10 crayons = 10 baht

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    Marshmellow

    Experiement

    Share with your neighbor what you

    think your child would have done in

    that same situation?

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    Plan budgeting for monthly expenses, make lists (school lunches, clothing and treats)

    Make a wish list of a big item (IPad2) and a small item (phone case) Discuss how to save for it and

    how long it might take (Visual saving with change)

    Set aside money for saving and charity Track how you spend time and let children suggest

    how to donate time (or money) to a community

    cause or charity

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    For Teenagers

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    Babysitting Income: 1,500 Baht per week 500 baht per hour, 3 hours per week

    Household Chores: 500 Baht per week Take out garbage, walk dog, clean dishes

    Total: 2,000 Baht/week

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    Mon 1/31: Snack and Soda 120 Baht

    Tues 2/1: Cell phone bill 500 Baht

    text message overages 250 Baht

    Tues 2/1: Starbucks Coffee 140 Baht

    Wed 2/2: McDonalds after school 200

    Baht

    Wed 2/2: iTunes music 220 Baht

    Thur 2/3: Snack and soda 325 Baht

    Fri 2/4: Movie and popcorn 350 Baht

    Sat 2/5: Clothes from the mall 800 Baht

    Sat 2/5: Lunch @ food court 250 Baht

    Sun 2/6: New volleyball 400 Baht

    Sun 2/6: Lunch at Au Bon Pain 300 Baht

    TOTAL EXPENSES: 3,855 Baht

    AMOUNT LEFT OVER: -1,855 Baht (Ask Mom and Dad to Loan an extra 2,000 Baht)

    Remember

    2000 Baht

    per week!

    Mon 2/71: Snack and Soda 120 Baht

    Tues 2/8: Snack after Volleyball 150 Baht

    Thur 2/10: Birthday present For BFF 300

    Baht

    Thur 2/10: Fruit Shake 80 Baht

    Fri 2/11: Fill BTS card 200 Baht

    Sat 2/12: Snack and soda 150 Baht

    TOTAL EXPENSES: 1,000 Baht

    AMOUNT LEFT OVER: 1,000 Baht

    Repay Partial Debt: 500 Baht

    Final Amount Left Over: 500 Baht!!!!

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    This presentation was designed from material

    from the following resources