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Garage Sales as a Money LessonKids Learn the Skill of Organization and the Value of Earning MoneyTeach your children about money and organization by turning a garage sale into a fun family activity!
How many times have you walked through a store with your kids listening to them ask you for every item you pass? How many times have you patiently explained that they already have many of said items at home? How many times have they understood? This spring try something different- a family garage sale. Garage sales have more uses than just getting rid of old junk. They can be a tool to teach children about organization, conservation and money matters. Use this step-by-step guide as a teaching tool to turn a spring chore into a productive family event. Determine Family Wish List
Teach Kids How To Organize and Classify
Set Up the Family Garage Sale
Demonstrate Teamwork at the Garage Sale
Use the Profits as a Money Lesson
After the sale discuss with your kids the amount of work that went into the sale and how much money they have earned. Give them examples of wish list items that they are now able to buy with their money and talk about the items they are not able to buy. Reevaluate the wish lists as a family based on the amount of money you have earned and ask the children why their priorities may have changed based on the garage sale. Build upon this experience by constructing new family procedures. For example, every time a new toy comes in the house an old one is given away. Now the next time you are in a store with your kids and they ask for a new toy you can remind them of their garage sale earnings and their wish list!
The copyright of the article Garage Sales as a Money Lesson in Kids & Money is owned by Megan Sheakoski. Permission to republish Garage Sales as a Money Lesson in print or online must be granted by the author in writing.
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Aug 26, 2009 1:58 PM
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