I remember being in line at the grocery store, when I was little, and my the man in front of us dropped a penny. I went to get it for him and he said “Don’t worry about it. It’s only a penny.” I remember thinking “What?!”
My mom looked at me and said “If we don’t stop to pick up one penny, why would God want to give us more? We need to be grateful for what we have.” That stuck with me. Why did that penny lose its luster to that person? Today I am partnering with JCPenney to make it worth something again with the start of their new campaign “Get Your Penney’s Worth.”
I love that JCPenney is going to do Penney Days (where you can buy one Arizona apparel or accessory time at regular price, but they will let you buy another one for just a penny! Research showed that many consumers underestimated the selection of brands available at JCPenney (Side note, but we actually bought our Kitchenaid mixer there for $250, which is a great price for a Kitcheaid).
Here are some ideas to help your kids learn the value of money:
1- Give them pennies.
Let them have 100 pennies for $1. Let them understand how many pennies it takes to get certain things.
2- Set up a pretend store at home.
Play pretend with your at-home store and give your kids toy money.
3- Set a good example.
I tell my kids “It isn’t on sale, so we need to wait to buy it”, when we are at the store. I want them to know that we look for good deals because money doesn’t come without work. We need to make the most of it.
4- Use cash when you are with your kids.
I think using cash makes it easier for your kids to understand where your money is going. They see us pull out our debit cards and don’t truly understand what it means.
5- Donate your money.
Donate money to those less fortunate. I would use the Penney Days at JCPenney to do this and show your kids. Buy a regular priced item and then ask your child to pick out another item. Let them use THEIR penny to buy it. Then drop it off together for someone less fortunate.
Teaching our kids the value of a penny is important. It will be the foundation of how they use money when they are adults.
This is a sponsored conversation written by me on behalf of JCPenney. The opinions and text are all mine.