This cute “cash cow” is for sale in the local toy shop. It looks like a digital bank. Kids can use it to count coins and learn their numerical value.
The bank also adds up the amount of money inside of it. A digital display lets the saver know how much money is inside. It could be a good tool to teach saving money. Just keep adding more.
This is cute, but when I teach kids about the MOOLAH the “cash cow” in my “Can I Have Some Money?” books, I use it to illustrate supply and demand. We talk about every entrepreneur raising money with their own product or service.
Kids love to talk about the fun things that they can make and sell. An 8 year old in my class at WORLD OF MONEY this summer told me that her business idea is selling ice cream with vitamins in it. WOW. That’s a “cash cow” if ever!
Goes to show, there’s room for a whole herd of “cash cows”. Maybe I’ll take my books “Can I Have Some Money?” books to the local toy shop too. I’ll tell the toy bank to “Moooo-ve over” (pun intended). We’ll turn the milk into ice cream and infuse it with vitamins then take it to market and put all the money we make in the bank.
Any tool that can be used to teach kids about money – counting it, earning it, saving it, growing it, sharing it…. is good in my book.
What the kids learn about money begins with you. The parents and caregivers are the biggest and best financial role models. Good money management today can lead to a better tomorrow for everyone.
You’re invited to preview a free chapter of my next book “LEMONADE SOLD OUT”. It’s based on a true story about an elementary school entrepreneur who makes friends, wise business decisions and a trip to the principal’s office.
Candi Sparks is the author of children’s books about money Can I Have Some Money?, Educating Children About Money, Max Gets It! and Nacho Money. She is the Brooklyn mother of two and is on Facebook (Candi Sparks, author) and Twitter (Candi Sparks, author). Her website is http://www.candisparks.com.