Do simple and fun activities together
Focus on financial education through visuals or activities
Use less wordy teaching
Able to recognise and calculate Malaysian currency.
Able to distinguish between needs and wants.
Realise the benefits of having savings.
Use our "Know Malaysian Money" activity as inspiration.
Encourage your child to keep a balance from daily pocket money or public money.
Use a transparent piggy bank to help see the growth so that it can burn your child's saving spirit.
Choose 10 existing items that are in the house.
Ask your child to divide the items into categories of needs and wants and discuss their options.
Explain what you need to do when arriving at the checkout counter.
Ideally, use cash instead of credit or debit cards so they can recognize the value of money.
Give your child a chance to choose something that is not of high value in the store or restaurant.
Ask them to make payment for the goods using small money (RM1-RM5).
Choose a play around your home and place a "price tag" on it.
Take turns being the "shop owner" or "customer".
Give them the opportunity to practice making the right price calculation either as a store owner or a customer.
Children at this age are more comfortable with what we do than with what we say.
Watch this video together on the Fun Portal (d) for Life (Student Category> 7-9 years).
Share what are the needs and wants for yourself.