Check out our Family Money Activity Episodes Below (Scroll Away!)
Watch Financial Educator and author Charlene Fadirepo in her Family Money Activities Series.
Episode 1: In this episode, Charlene and her helpful 3 year old assistant Ayo, create money jars that illustrate the Give, Grow, Go Rule. The objective of this money activity is to 1) Encourage good money habits, by creating money jars for your kids to use, 2) Put the Give, Grow, Go rule into practice.
3 clear plastic jars (with screw on tops)
Several small colorful stickers
White paper, blank sticky address labels or small pieces of paper the size of Post-It Note. You will need 3 plastic jars per child.
Activity Time: 20 minutes, Video time: 4 minutes
Episode 2: In this episode, Charlene and her helpful 3 year old assistant Ayo, have a simple, quick and meaningful money conversation that illustrates the Go portion of the Give, Grow, Go rule. Check out what Ayo want's to spend his money on! The objective of this money activity is to 1) Encourage your child to think about and plan for large purchases. 2) Introduce the concept of working to earn money. (Note: We recommend providing and age -appropriate allowance for exceeding expections in the completion of chores. Meeting expectations for chores is likely not worthy of an allowance.)
Money Conversations should be:
Filled with laughter :)
Activity Time: 5 minutes, Video time: 2 minutes
Episode 3: In this episode, Charlene and her helpful 3 year old assistant Ayo, take a trip to the National Math Festival in Washington DC. The festival was held at the Washington Convention Center. The 2017 National Math Festival was organized by the Mathematical Sciences Research Institute (MSRI) in cooperation with the Institute for Advanced Study (IAS) and the National Museum of Mathematics (MoMath). Find out more about the festival here. It was a wonderful experience! What a great way to get the little ones excited about math and science! In the video, Charlene also discusses a recent study by the Organization of Economic Cooperation and Development that links math proficiency with financial literacy proficiency. Find out more about the study here. (MATH SMARTS = MONEY SMARTS)
Activity Time: 90 minutes, Video time: 3 minutes
Episode 4: In this episode, Charlene discusses the proper way to give away your in-kind donations. Follow her method and you can make sure you get your tax deduction and help an organization in need. Find out more about Martha's Table here. Check the link below for the link to the IRS's donation guide.
If you itemize deductions on your federal tax return, you may be entitled to claim a charitable deduction for your Goodwill donations. According to the Internal Revenue Service (IRS), a taxpayer can deduct the fair market value of clothing, household goods, used furniture, shoes, books and so forth.
Publication 561, Determining the Value of Donated Property is the IRS's guide to use to help determine the value of your donated items. Check out the Publication 561 here.
Activity Time: 30 minutes, Video time: 2.5 minutes