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5 Components to Teaching Financial Literacy in Elementary

With the swipe of the card, kids today may rarely see adults hand over physical money at a register. Kids learn how to count money in school, but making a real-world application can be difficult, especially when children do not see the money disappear across the counter. With our “buy it now” society, or “return it, if we don’t like it” attitude, it is imperative that our students understand the difference between wants and needs, know the importance of saving and budgeting, and understand consumer responsibility.