Teaching your children about the value of goods

Financial skills to explore

  • Determining the value of goods
  • Understanding that money is made by working
  • Comparing prices

For children ages 6 to 7

Activity summary

Can your children compare the value of various goods? Can they make a connection between income and purchasing power?

After this activity, in addition to knowing where money comes from and understanding the efforts required to obtain it, your children will know more about the value of goods. This skill serves as a foundation for other financial skills, including planning a purchase.