Originally Posted by
Percycat
Lizzy -- when my girls were juniors, they were learning how to manage their troop and how to have a business meeting. One of the things we did was have a treasurer's report. Each of the girls had a balance book and pencil in a pencil bag in their notebook. I would let them know what payments I had made and what money I had deposited. I shared with them each transaction so they could start getting an appreciation about how much different things costs. Then, I gave them the total amount of what we had spent and the total amount of what we had deposited. The girls entered these total in their balance book and did the math. We rotated our "jobs" and the girl who was the treasure for that meeting had a calculator to do the math. She shared her numbers with everyone else so girls could make corrections, if necessary. My girls are older now and we don't do this anymore.... but, I think it was helpful for them to start taking ownership of their troop business and get a realistic understanding for how much it costs to go camping, buy awards, do activities, etc.
I love this; it's a good way to develop their financial literacy skills without making product sales feel mandatory or high-pressure from me.
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Liz
DD (3/2010)
"Make mistakes! Get messy!" - Miss Frizzle