As a child I remember learning about money two ways. One was the formal way at school. We would sit at our desk, pull out our book and look at a page with pictures of the fronts and backs of coins and bills. Then we would do math problems with the pictures of the money for classwork or homework.

Now, as a child I saw several problems with this method of learning about money. First, it was not realistic because all the money was flat as a pancake on the page. Second, I could not get a real sense of the size of the money because I literally could not get my fingers wrapped around the money. Third, I had no real world context in which I could use my skills. Fourth, let’s be honest about this one, it wasn’t my money so who really cared if I got the answer right?

Thankfully, my mother had a creative way to teach money to me that made it very real, very fast. Whenever we would go to a store, while I was learning about money, she would pay a little bit more and get change. Then, while we were still in the store, she would put the coins in my hands and tell me that if I could figure out the exact amount of the change on the first try then I could keep it. Whoa! For a kid, that was one very cool deal.

While I definitely grasp that schools might not be able to implement this idea this is definitely something that parents can do on their own. My mother succeeded in allowing me to use real money so that I could wrap my fingers around them and relate their size and texture to this subject. She gave me a real world context and she succeeded in making me care about getting the right answer. After all, we were now talking about what could be MY money.

Some of you might not agree with this method so I encourage you to think back to when you were trying to learn a skill, maybe cooking. Remember how reading about cooking was never the same as once you got to practice what you read in the kitchen? Learning about money is no different.

During that time period, I probably earned less than $10 but it cemented in my mind how to count money correctly and why it was an important lesson to learn. And frankly, it was fun!