Letter to Santa can provide financial lessons

December 11, 2013 by

Who would think that kids can learn financial lessons by writing a letter to Santa? These lessons are fun and interactive. Here is what you need to do.

Provide your kids with lots of flyers. The really good ones are from Toys R Us, Mastermind Toys or Wal-Mart. Talk to them about flyers. Explain that the companies such as Toys R Us paid for the flyer to be printed and delivered to your house, so that you can see the wonderful toys they are selling. Explain that the flyers are trying affect our emotions, and make us want to buy the toys that they are advertising. Explain to the children that the company makes money once we purchase the toy.

santa-150x150Next step is explaining the difference between needs and wants to your child. Needs are things that are necessary for our survival. Everything else can be considered a want. You can ask them to give you examples of needs and wants. Explain that once our needs are taken care off, we can start spending money on wants.  It is important for us to prioritize our wants since very few people in the world can have everything they desire. This is where the fun begins.

Ask your child to cut out the pictures of all the toys s/he wants to receive from Santa.  Have your child glue these pictures in priority order on a sheet of paper. Explain that toys are wants, and it is important to prioritize them since Santa’s cannot bring all of them. His sleigh would not have any space for other kids’ toys.

Finish off by practicing printing and spelling of the names of all the toys under the pictures, as well as writing the actual letter to Santa.

Happy Holidays!!!

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