Coin Toss Game for Teaching Kids about Money

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This post brought to you by Upromise by Sallie Mae. All opinions are 100% mine.

I am excited for two things today!

First, to introduce you to a new contributor here [okay, she's not entirely new, she already shared 15 superhero activities for kids!], Jillian of A Mom with a Lesson Plan!

Second, she’s going to be giving you an awesome idea for teaching kids about money because we’re partnering with Upromise.com to help share and easy way to save for college!

I always try to reinforce what the kids are learning at school by providing learning activities and books that match. My daughter’s school is teaching the kids about money right now.

The timing couldn’t be more perfect, as I’m teaming up with Upromise.com to let you know about this great rewards program specifically designed for shoppers to earn cash back for college. It is free to join and members have received more than $800 million through Upromise.

Coin Toss Game for teaching kids about money

Teaching kids about money with a simple coin toss game:

I had my daughter sit back a bit and toss the coins into the hoop one at a time. She was little too close at first. Having her scoot back added a bit of a challenge and made it more fun.

Coin Toss Game for teaching kids about money

Coin Toss Game for teaching kids about money

Coin Toss Game for Younger Kids

  • For younger kids shout out the name of the coin as they make it in the ring. “In goes a quarter!” “A dime has joined the ring!”
  • Sort the coins that made it into the circle.
  • Talk about the size and colors of the coins. What are the similarities and difference between them?

Coin Toss Game for teaching kids about money

Coin Toss Game for Older Kids

  • Work together to add up the amount of change that made it inside the ring. Show your kids different ways to make a dollar.
  • For kids who love writing [like mine] this is a great opportunity to practice writing out the amount in different ways.
  • Take it one step further and talk about what you could buy with that amount.

More on teaching kids about money

  • This coin toss game is a great way to start a conversation about money no matter how old your kids are. Even young kids can start to understand the difference between a need and a want. There is nothing wrong with wanting things and understanding how to save for those wants will help kids learn about money.
  • If your kids have family responsibilities try helping them reach their savings goal by paying out for some chores on their chore lists.
  • Help kids understand tax and shipping by including them in the price of what they are saving for. We look online and head all the way to check out before making note of what they are saving for. With Upromise.com the kids can find what they are looking for from hundreds of online retail shops like Target, Lego [a favorite at our house] and Build-A-Bear Workshop®. While they are learning how to save and shop they will also be saving money for college. How cool is that?

More on Upromise 

  • By using the Upromise credit card, you can earn up to 10% cash back.
  • Money earned through Upromise can be put into a 529 college savings plan, be used to pay down eligible student loans, be deposited into a Sallie Mae savings account or even be sent to you as a check!
  • Upromise by Sallie Mae is free to join.
  • Members can receive cash back shopping online at more than 850 retailers, dining out, buying gas, shopping with the Upromise credit card or even buying or selling a home.
  • During March Bonus College Savings Month, nearly 300 online retailers are offering 7- 20 percent cash back on eligible purchases made when starting at Upromise.com.
  • Throughout March Bonus Savings Month, Upromise is asking people to share savings tips for a chance to win $500 in your Upromise account. All you have to do to be eligible to win is “Like” the Upromise Facebook page and share a college savings tip. The contest begins March 3 and the winner is announced March 26. Details are available at Facebook.com/Upromise.

Disclosure: This post is brought to you by Upromise and SocialSpark.

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