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Penny Power |
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Penny Power |
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Save it, spend it, earn it, borrow it, donate it. Money is an important part of everyone's life. Start now to learn the basics of dealing with money.
#1. Cookie Dough
With your troop, write a plan for using the money you earn from the Girl
Scout Cooke Sale. (Remember that you may not sell Girl Scout Cookies on the
Internet).
#2. Is It Real?
Counterfeit money is fake money, and it is a serious problem in this
country. The colored bills that you may find in a favorite board game are not
the problem. Everyone knows that these bills are "pretend" money. The fake money
that some criminals make look like real bills. But there are important
differences. Find out how the new $5, $10, $20 bills that are made by the U.S.
Department of the Treasury can prevent people from using fake money. Ask an
adult what you should do if you are given a bill that is not real.
#3. Bank On It
Most banks are interested in helping children get into the habit of
saving. Visit your local bank and find out what you need to do to open a savings
account.
#4. The Price You Pay
Set up a "pretend" store and practice making change. Put price tags on
items that you are selling. Set your prices from one penny to one dollar. Your
friends can be the customers. They can use pennies, nickels, dimes, quarters,
and dollar bills (real or ones you've made) to buy these products. You can give
change to your customers. Then change roles so that you have an opportunit
y to
buy and your friends can be the storeowners.
#5. Step Right Up!
set up a tag sale with your troop or friends. You can each contribute
toys or books you no longer need. Work together with your Girl Scout leader or
other adults to set prices and make signs. After the sale, discuss why certain
types of items sold well while others did not. Add the money you make to your
troop funds.
#6. Keeping Tabs
Keep track of how much money you use each week. How much do you spend at
lunchtime? On treats or toys? For phone calls? If you get an allowance, is it
enough for all of these things? If you don't how much allowance would you need?
Think of a way that you could save some part of your real or imaginary
allowance.
Other Helpful Links:
My Money Record
FleetKids Money
Sense
KidsMoney.org