Teach Kids Math Through Business Banking

October 3rd, 2008 by Scott

What does kids math and business banking have in common? An opportunity to teach your children math skills like counting, addition, division, and more. If you have young children at home you can easily create some fun games to incorporate into your home business. If you have a retail business you will most likely have access to coins and paper money. If you work at home, you probably receive checks in the mail or have paypal transaction post directly to your bank account. You can still have fun with math and take this time to teach your children about banking.

Here are some fun ideas to teach kids math through business banking:

1. Coins. Get a roll of pennies or quarters next time you are at the bank. Pennies are great, in case the kids lose them you’re not out much money. Create counting games, subtraction games and even let them trace the coins on paper. Work on coin denominations and how many coins to equal one dollar.

2. Old Checkbook. When I was a kid I loved using my parents old checkbook deposit slips and writing numbers and practicing math. I also enjoyed signing my name as though it was a real check. You can encourage your kids to do the same and even let them take the deposit slip to the bank and have them interact with the teller. It’s all fun and the bank teller will play along.

3. Savings. Encourage your children to save money and next time you go to the bank they can deposit the coins into a savings account. Tell them they can save money towards a special toy or for college. Each time you do your business banking, you can encourage your children to bring any coins they have found or saved. Even if it’s a penny or nickel, they can still make a deposit.

4. Online banking. This may be suited for older children and you can help them check the balance of your child’s savings account online. You can also print out the statement and have them verify the math by adding all deposits. Also, teach them to calculate the interest and verify that the bank credited the account properly.

5. Fake money. Not the kind you make, but the fake toy money you can buy at the store. You can also use monopoly money, but the fake money is cheaper to replace if lost. Have your children play banker and you are the customer. Many fun opportunities to teach math, banking terms, and even have role playing. My kids love it and I’m sure you have fond memories playing store or banker as a child too.

Do you have any other ideas to incorporate kids math and your business banking?

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About Scott:
Scott is a WAHD raising two young children and can also be found at his personal finance blog The Passive Dad
Posted by Scott

Posted in Home Life, Rockin' WAHs

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