Kids & Money

We asked six kids some questions about money. Here is what they had to say!

1.      What do you think about money?

Jae, 6 years old

“Um, good!” 

Hannah, 3 years old

“Money is for buying things” 

Kassandra, 6 years old

“It’s cool. Mostly been paid with it. Adults get it from banks and working at their jobs. Kids find money and get money at bake sales and lemonade stands.” 

Mason, 8 years old

“I think about buying things.” 

Peyton, 6 years old

“I think it’s cool because it comes in different colors and sizes. And money rhymes with honey, like I have on my toast.” 

Taylor, 6 years old

“I like money, so that you can buy stuff like books. Money helps to buy food for people. I like because it     lets us go to camps.           

2.      Is money important and why?

Jae, 6 years old

“Yes, because it’s for buying food.” 

Hannah, 3 years old

“Yes, because if they give you a dollar, it’s a hundred cents.” 

Kassandra, 6 years old

“Yes, for buying food, supplies for the house, toys/crafts, bikes, and to go to restaurants. Construction workers need money to build houses. All the boards and lights and everything.” 

Mason, 8 years old

“Money is important for families to buy food. It is also important if you want to buy a house.” 

Peyton, 6 years old

“Yes, not for buying toys, but to buy food and things you need to live.” 

Taylor, 6 years old

“Yes, money is important so that you can buy food for your family and stay alive. It bought our house, and we used it to buy our car, so we could get to school.” 

3.      How much money do you think you need to retire?

Jae, 6 years old

“$100” 

Hannah, 3 years old

“$10” 

Kassandra, 6 years old

Question altered to what does the word retire mean?

“When you retire from a school, you need money for that. Leaving a school and going to a new job. Leaving and getting into a new school costs money.” 

Mason, 8 years old

“$200” 

Peyton, 6 years old

“$100” 

Taylor, 6 years old

“$30,000” 

4.      How do you learn about money? School, parents, friends, or anyone else?

Jae, 6 years old

“Umm, somebody that lives in a cocoon, the honey bees.” (He might have misunderstood the word “money” for “honey”.)  

Hannah, 3 years old

“Miss Chelsey (dance teacher)”

Kassandra, 6 years old

“Teachers, Mom and Dad, Gramma gives me money sometimes when I do special jobs for her.” 

Mason, 8 years old

“In school when I’m doing math.” 

Peyton, 6 years old

“From Mr. Scott because we work on our money booklets that we color and count money in.” 

Taylor, 6 years old

“I learn about money at school and with my parents.” 

5.      Do you learn about saving?

Jae, 6 years old

“Uh huh.” 

Hannah, 3 years old

“Yes, when people give a dollar to you.” 

Kassandra, 6 years old

“Kids should save money to buy stuff that they want.” 

Mason, 8 years old

“Yes, I learned about saving up for my mountain bike.” 

Peyton, 6 years old

“Yes, Mom and Dad teach me because I can save up for something cool.” 

Taylor, 6 years old

“Yes, I learn it is important to save to buy stuff I want.” 

6.      What is the difference between a want and a need?

Jae, 6 years old

“Not sure.” 

Hannah, 3 years old

“I don’t know.” 

Kassandra, 6 years old

“Want a rubber ducky and you need utensils. Olivia (little sister) wants to buy a dolly, but she needs food. She should get food.” 

Mason, 8 years old

“A want is like a Nintendo Switch. A need is like you need food to survive.” 

Peyton, 6 years old

“Want is things your parents don’t want you to have that have little pieces. A need is something you need to live like clothes, food, shoes and trees for paper.” 

Taylor, 6 years old

“A want is something you don’t always get, but a need is something you sometimes get.”  

7.      What is the best thing your parents have ever bought?

Jae, 6 years old

“Blue, our dog.” 

Hannah, 3 years old

“A present for me and Ella, like a new shirt or undies.” 

Kassandra, 6 years old

“Craft tables! And, our house.” 

Mason, 8 years old

“My mountain bike.” 

Peyton, 6 years old

“A house. It was a good pick.” 

Taylor, 6 years old

“Our pets Marley and Murphy, our awesome house, and our bunk beds.”

 

There you have it! Six kids’ thoughts on money. Try doing this questionnaire with your kids and see what they think about money. 😊