When I started the penny a day challenge with my 6 year old I only figured he’d put a penny in and forget about it. Or at best we’d get to count up to 31 and start over the next month. What has been happening is much more amazing and I love every minute of it.
Little A is doing the 52 week money challenge for kids. For his age I thought putting in a penny for the day of the month would be a great way to start and it would give him roughly $55 by the end of the year. This would definitely teach him that pennies add up, that saving money takes a long time and may show him that spending money on a $5 toy may not be as smart as saving it and then deciding later. I mean I’ve seen my 16 year old want something and then when I made him save up for it he decided he didn’t want it he wanted something that would last longer. So teaching the value of money to a 6 year old was something I wanted to teach.
Little A has shown me he can definitely count but he isn’t just counting 10 pennies for today. This morning he counted 10 pennies, then told me that with yesterday’s 9 he had 19 but then he went on to count up all the pennies he put in. He was doing all this with his fingers, not emptying out the jar and counting them. He figured out that he already has .55. Wow!
Little A also has pennies, dollars, quarters, nickels, dimes written on the outside of the jar that he keeps a tally of. Yes, I put in change in his jar from time to time and once a week he can count all of it up and tally it up. After he writes how many of each he has I make him count it. He’s loving this. I believe children learn more when they are having fun and enjoying it. What are some things your child has learned so far from this experiment?