When thinking about economics, I automatically think about high school. I revert to figuring out concepts and equations. It’s not a good place. Teaching economics is a whole new challenge for some of us. However, starting economics even at an early age can help you introduce your child to the concepts from the very basics. Starting the foundation early-on can make future, more complex economics more understandable. These economics printables and worksheets for elementary will help.
Economics is the social science about making, distributing, selling, and the buying of goods. The ideals of economics can be pretty easy when you teach understandably, use practical examples, and in a way that makes sense to kids in everyday life.
I love the idea of teaching kids economics early. I wasn’t introduced to it until late high school. Since I left for my independent life (straight to the military) after high school, my single course of Economics 101 just didn’t cut it.
After high school, kids are exposed to the world of check writing, credit card limits, paying bills, and budgeting. Honestly, that just isn’t enough practice. It isn’t enough for adulthood and leaves youth making lots of mistakes. Some of those mistakes are lasting or even irreversible when it comes to credit scores.
As homeschoolers, we can revamp the whole way our children learn. We can build our math lessons around real-life applications from starting lemonade stands to earning allowances. Amazing lifelong lessons can be learned from an early age and throughout their homeschooling experience. This thoroughly prepares our children for life.
Here are a few ways we can teach our children economics from a young age and in practical ways:
1. Allowances are useless. Allow kids to earn money through extra chores.
Notice I said extra chores. See, children need chores to help out and to be a part of the “team.” Chores are essential for a whole manner of reasons for our kids. Kids shouldn’t be paid for chores (in my opinion). They can, however, be paid for extra chores to earn their money. The rest of their lives will require them to earn their money. You are welcome, kids! It’s for your benefit.
2. Take your kids to the local Farmer’s Market.
Your kids can observe the happenings. They will be observing how buyers and sellers interact, and the different prices of goods and services.
3. Play Monopoly.
The Lord knows I do NOT like board games, but my family does. This makes learning with board games a hit in my home. Monopoly teaches kids all types of money concepts of real estate, investment, improvement, taxation, rent, money management, and even going to jail … kidding on the last one. However, these concepts are invaluable. Really make sure your kids understand the game, follow the rules, get why they need to follow instructions.
4. Use resources to help you teach economics.
If economics isn’t your strong suit, know that there are resources to help guide you through concepts and give real-world examples right from home. Here are a few.
The books below are perfect for kids to learn all about money and economics.
Johnny’s Decisions: Economics for Kids – TradeoffsKane’s Big Picture: An Early Intro to Entrepreneurship for KidsLily Learns about Wants and Needs (Cloverleaf Books TM _ Money Basics)Economics through Everyday Stories from around the World: An introduction to economics for children or Economics for kids, dummies and everyone elseThose ShoesIf You Give a Mouse a Cookie Book
The below economics printables and worksheets for elementary will help you teach the subject at home.
FREE Economics Worksheets
Economics FREE Worksheet – Banking Terms Word Search | Puzzles to Print
21 Economics Videos with Worksheets! ~Student Activities~ | Learning is a Passion
FREE Economics Printables
Primary Economics Free Sample | SOL Train Learning
FREE Economics Causation Cards | The Owl Teacher
Economics Songs Mini Book Free Sample | Ms. Sewell’s Class
TEACHING ECONOMICS WITH A MENTOR TEXT (Freebie) | Elementary Engagement
Free Classroom Economy for Classroom Management | Special Treat Friday
Goods and Services Mini-Unit FREE Product |The Chocolate Teacher
Money – Free Sample Activities | GreatMinds123
Free Money Activities | Teaching Second Grade
Free Homeschool Economics Curriculum | Amy’s Wandering
Primary Needs and Wants Free Chart | StudentHandouts
Supply & Demand Sort FREEBIE! | Barnard Island
Resources to Help with Your Economics Lessons
No More Boring Economics Lessons | Ashley’s Education Journey
Needs and Wants Sort: Sort it Out! | A Kinderteacher Life
Economics Activity COMBO Pack: 8 NO PREP Printables | Lessons4Now
Wants and Needs, Earning and Saving: A Primary Economics Unit | Lindsay Keegan
Economics Vocabulary Trading Cards and Posters | Mr. Elementary
HOW DO I TEACH ECONOMICS TO 2ND GRADERS? | School and the City
Non-Fiction Unit Community Helpers (Economics) | Pencils and Panthers
Economics – An Elementary Introduction | Amped Up Learning
Economy 101: Kid-Friendly Supplemental Resources | One Extra Degree
IPAD APPS FOR TEACHING ECONOMICS | Integration
Top 5 Economics Lessons for High School and How to Teach Them | Applied educational systems
Prepare your children for economics, even when children are little. They can understand how money works. Building the foundation for them will allow them to grasp more difficult concepts as they get older truly. Grab these economics printables and worksheets for elementary school kids in your home.
Jeannette is a wife, mother and homeschooling mom. She has been mightily, saved by grace and is grateful for God’s sovereignty throughout her life’s journey. She has a Bachelor in English Education and her MBA. Jeannette is bi-lingual and currently lives in the Tongan Islands of the South Pacific. She posts daily freebies for homeschoolers!