Coins for Kids

Behavioral Economics

KAHOOT

VERSION

1. In October 2021, the US Secretary of Education said that he believes students should learn about money in:

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1. elementary school
2. middle school
3. high school
4. college

COINS FOR KIDS | OCTOBER 15, 2021 EDITION | NEXT GEN PERSONAL FINANCE

• In October 2021, the US Secretary of Education said that he believes students should learn about money in:

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• elementary school
• middle school
• high school
• college

COINS FOR KIDS | OCTOBER 15, 2021 EDITION | NEXT GEN PERSONAL FINANCE

2. Research shows that by age 3, children can:

1. understand cryptocurrency
2. differentiate between saving and investing
3. understand basic money concepts
4. decide how they want to spend their money

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COINS FOR KIDS | OCTOBER 15, 2021 EDITION | NEXT GEN PERSONAL FINANCE

2. Research shows that by age 3, children can:

• understand cryptocurrency
• differentiate between saving and investing
• understand basic money concepts
• decide how they want to spend their money

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COINS FOR KIDS | OCTOBER 15, 2021 EDITION | NEXT GEN PERSONAL FINANCE

3. Which qualities helps predict if a child will be successful in their adult life?

1. Curiosity and asking questions
2. Delayed gratification and self control
3. Budgeting skills and counting money
4. Talking about money with their parents

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COINS FOR KIDS | OCTOBER 15, 2021 EDITION | NEXT GEN PERSONAL FINANCE

3. Which qualities helps predict if a child will be successful in their adult life?

• Curiosity and asking questions
• Delayed gratification and self control
• Budgeting skills and counting money
• Talking about money with their parents

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COINS FOR KIDS | OCTOBER 15, 2021 EDITION | NEXT GEN PERSONAL FINANCE

4. What is an effective kid-friendly money lesson you can teach any kid you know?

• Money is fungible
• Money is a store of value and means of exchange
• Money can be spent, shared or saved/invested
• Money comes in many digital forms

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COINS FOR KIDS | OCTOBER 15, 2021 EDITION | NEXT GEN PERSONAL FINANCE

4. What is an effective kid-friendly money lesson you can teach any kid you know?

• Money is fungible
• Money is a store of value and means of exchange
• Money can be spent, shared or saved/invested
• Money comes in many digital forms

​

COINS FOR KIDS | OCTOBER 15, 2021 EDITION | NEXT GEN PERSONAL FINANCE

5. Which of the following is true about adults impacting kids when it comes to money?

1. Kids will only learn what you formally teach them
2. Kids will learn from watching adult behaviors
3. Adults cannot impart money lessons on other people’s kids
4. Adults do not have any impact on kids when it comes to money

COINS FOR KIDS | OCTOBER 15, 2021 EDITION | NEXT GEN PERSONAL FINANCE

5. Which of the following is true about adults impacting kids when it comes to money?

• Kids will only learn what you formally teach them
• Kids will learn from watching adult behaviors
• Adults cannot impart money lessons on other people’s kids
• Adults do not have any impact on kids when it comes to money

COINS FOR KIDS | OCTOBER 15, 2021 EDITION | NEXT GEN PERSONAL FINANCE

You’ve completed the exercise, now it’s time to learn

more about the current event:

COINS FOR KIDS | OCTOBER 15, 2021 EDITION | NEXT GEN PERSONAL FINANCE

Discussion Prompt:

What early money lessons from your childhood do you remember? If none, which do you wish you had learned sooner? Why?

COINS FOR KIDS | OCTOBER 15, 2021 EDITION | NEXT GEN PERSONAL FINANCE

Extend Your Learning

Three Relevant Resources from NGPF:

• Your Values and Money (Lesson)
• COMPARE: Needs vs Wants (Activity)
• Which savings strategy is most effective? (Question of the Day)

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References:

• Watch: Education Secretary Miguel Cardona on financial education (CNBC)
• Money Habits Set by Age 7 (Calendar.com)
• Teaching Kids Good Money Habits (Healthline.com)
• Age Appropriate Ways to Talk to Kids About Money (Apartmentthearapy.com)

COINS FOR KIDS | OCTOBER 15, 2021 EDITION | NEXT GEN PERSONAL FINANCE