If there’s one important lesson that we should teach our kids about money is that, “it doesn’t grow on trees.”
I was on my first year in high school that I received the highest amount of money from my parents. One hundred pesos in 1997 already sounded a thousand to a freshman student who was about to watch Titanic with her school friends, and a few extra for some snacks.
In the school where I studied high school, our cafeteria did not accept cash payment for the foods or supplies that we buy. Before we could be able to purchase anything, we needed to go to a small booth and exchange our cash baon for a laminated strip of red paper with a printed P20 or P50 in them. At that time, I did not understand why the school administrators needed to implement such policy. I hated falling in long lines just to get those dummy money before I could buy my favorite Beef Steak for lunch.
My parents are quite strict about money because we were brought up in such a way that we always value every peso that we have. Aside from prepared food, I had P20 as my baon when I was in Grades 5-6, and P50 when I entered high school. When paying my tuition fee, I’ve always viewed my mom as a wise homemaker because even if she allows me to pay the school fees on my own, I needed to bring back to her the official receipt. That’s the reason why I didn’t grow up knowing the word kickback.
Now that I’m a mom, I realized that parents play a very important role in teaching their children to be financially responsible. Proper Monetary Management is a crucial life skill that I want N to bring with her all the days of her life.
I’d like to commend the Central Bank of the Philippines (Bangko Sentral ng Pilipinas), in cooperation with Araneta Center for putting up a wonderful and interactive exhibit called, “Money Matters For Kids!” It was set-up especially for the children (and even adults), who want to learn more about money–how we earn, save, spend, and share it!
The Money Matters For Kids has been running since the first week of August and will stay until this weekend, August 17th. It is located at the 2/F of the Gateway Mall, Araneta Center, Cubao, Quezon City.
I saw a bunch of girls role-playing a supermarket scene. The girl in yellow acted like a checker/bagger, the other one as a shopper, and another a cashier.
These are the items for sale at the supermarket. This little girl is listing down all the stuff that goes in her basket.
This little shopper also scrutinizes the bread that she’s eyeing to buy at P35.00. 🙂
Here’s the crunch time at the counter. The cashier carefully examines the boy customer’s shopping list.
The Money Matters for Kids also has informational ads on how to spot a fake money. This is a very good skill for the kids to learn.
The exhibit also showcased not just the Philippine money, but also the money of the different parts of the world.
This is one my favorites: The Bulilit Bank. This miniature bank introduces the children to the different aspects of a bank, from its personnel like the manager, tellers, security. They also have a very cute ATM machine that the kids could interact with.
These are some of the past and present saving up buddies that we grew up with.
Coins from other countries are also on display. If we and our kids want to see it closer, there is an on standby magnifying glass to assist us.
If you’re not doing anything this weekend, this is a good opportunity for us parents to teach our kids about finances the fun way!
The Money Matters for Kids is absolutely FREE! Please bring your whole family and I’m sure the kids will love learning about money and beyond when you take them here.
The Money Matters for Kids is made possible through the Bangko Sentral ng Pilipinas, with the support of Araneta Center.