Teach preschoolers about money: Dollars and Sense Show # 7



In this episode of the  Dollars and Sense Show host Carol Topp discusses teaching your preschooler about money

Listen to the show here 

Show notes:

Our motivation to be teaching kids about money:
Someone is watching! so, be a good example
Avoid boomerang kids (those who leave home, only to return, usually because of financial problems)
We are raising adults, not children
Other people’s bad examples are all around us, including the US government. Use testimonies. Listen to Dave Ramsey’s radio show for examples of financial mistakes and how to correct them.
Avoid excessive debt. College debt now exceeds credit card debt.


How to Teach

Natural style

  • Deut 6:6-7enThese commandments that I give you today are to be upon your hearts. Impress them on your children. Talk about them when you sit at home and when you walk along the road, when you lie down and when you get up.
  • Stores, Eating out

Get someone else

  • Sunday school
  • Scouts
  • Homeschool co-op

Focused teaching

  • Family nights
  • Games
  • Book work

What to Teach: Preschool

  • “Mine” (self-centerness) needs to be corrected in preschoolers
  • Benign Deprivation. From John Rosemond author of The New Six Point Plan for Raising Happy, Healthy Children. “Give them all of their needs and only 25% of their wants”
  • Vitamin N: Give them protection, affection and direction, but say “no” more often than “yes”
  • Don’t do for children what they can do on their own.


Family Times Virtue Pack (songs, meal time cards, bedtime stories, etc) from www.Crown.org
ABC’s of Handling Money God’s Way www.Crown.org
Money Matters: Family Night Tool Chest by Jim Weidmann
Junior’s Adventures and more from Dave Ramsey
Books by John Rosemond


Tune in for the next Dollars and Sense show on January 16, 2014 when Carol will discuss teaching your elementary-age kids about managing money.



Homeschool co-op teachers not returning curriculum. What to do?


Over at the Facebook page I am A Homeschool Group Leader, Sharon asked the following:

 (our homeschool co-op) has a policy that the teacher is to turn over the curriculum that wasn’t consumed to the board, but that has not been happening. What do you do? If you collect the curriculum, where do you store it?

Shanna offered this advice:  I would let the teachers know that if the group reimbursed them, then it belongs to the co-op. We do collect the curriculum. For years, it set on a book shelf in my office (school room), but I needed the space for my stuff. This year we purchased a cabinet at Lowes & it is now in my garage. I label & number all the books. I keep an inventory in Excel & when a teacher has a book, I write their name next to it in the Inventory.

Peggy added:  If it belongs to the co-op, I would find a way to store it. If you plan to reimburse, perhaps only do partial and say the remaining will come when they turn it in. (This could be cost-prohibitive, however for many.) Otherwise, I would send them an invoice with the amount they owe, or that they can turn in the books.

Patricia had more ideas: We let the teachers know at the beginning of the class that when the class ends they are to turn in any materials that the group paid for. When I receive it from them, I put it in totes labeled “Lending Library.” I post a list on our website of the curriculum that is available for use, and families “check it out” like you would at a public library. They use it for the semester or the year, and return it. This allows the entire group to benefit from the purchases that we have made as a group. I do write our group name boldly on the curriculum, and I put all consumable materials in a binder, and label “Do Not Write In This Book” on the worktext.

Thanks for the great advice and tips!

Carol Topp, CPA