Do your kids ever get what they “need” mixed up with what they “want”? Of course they do! If we’re honest, sometimes we do, too. Wants versus needs is just one of the many life lessons about money that we all work to learn–and remember–throughout our lives. Try this fun way to get your kids talking about needs and wants and other important economic concepts with this FREE Economics Lesson for Kids.
This bite-sized unit explores the differences between wants and needs, explains supply and demand, illustrates bartering, and shows the value of work.
For example, we know food is a need, so does that mean that tasty chocolate bar is also a need? Why are some things like diamonds so expensive but plastic bottles are cheap? Why do stores have clearance aisles? Kids learn the answers to all these questions and more in this unit.
Perfect for your 8-10-year-olds, this FREE economics lesson for kids presents key money concepts in a way that is easy for kids to understand and parents to teach. It begins by explaining the basics in a simple manner with real-world examples. Then it leads kids through a fictitious scenario so they understand how these concepts can affect their daily lives.
A quick review at the end tests reading comprehension and understanding of the key concepts. An answer key is included.
Grab this FREE Economics Lesson for Kids today!
Money Matters for KidsLarry Burkett’s Money Planner for Kids (Larry Burkett’s Pocket Change Series)50 Money Making Ideas for KidsSmart Money Smart Kids: Raising the Next Generation to Win with MoneyFinancial Peace Junior Kit: Teaching Kids How to Win With Money
Bonnie Rose Hudson works as the Director of SchoolhouseTeachers.com, the curriculum site of The Old Schoolhouse Magazine®. Her heart’s desire is for every child to feel the love of God and know how special they are to Him. She would love for you to stop by her website WriteBonnieRose.com for homeschool and history curriculum, resources to help teach your children about missions and the persecuted Church, free history and writing printables, ways you can write for the homeschool market, and to check out her newest release from JourneyForth, The Hidden Village, an early reader set in India.
Tools for Getting Ready for the New School Year
A new school year is an exciting time for a homeschool mom. I know many moms who get giddy with exci
Ways to Use Charlotte Mason Journaling in Your High School H
Do you follow a Charlotte Mason style of homeschooling? Do you want to embrace the Charlotte Mason m
FREE Home Educator ID Card and a List of Home Educator Disco
Don’t you love that home educators get teacher discounts? I really appreciate that the opportunity
FREE Seven Wonders of the Modern World History Unit
Can you believe this is our sixth and final set of Seven Wonders of the World reading comprehension
FREE Printable Travel Journal for Kids
Is your family planning some travel this summer or during the year? If you are planning an adventure
Make Preschool Fun Using Themes
I love the idea of unit studies or thematic studies with kids. You can make preschool learning fun u
Making a Summer Nature Table for Your Kids
Sometimes it is hard for us to get away from home in the summer. As much as we would like to go on s