Life & Social Skills

Life & Social Skills

Ages: 0 - 6

Learning Beginning Money Skills

Learning Beginning Money Skills

Young children can start learning simple money concepts. It can be as simple as what money is, showing them what a dollar or coin is. You could discuss what money is worth and what you use it for.

Use a piggy bank to help your child learn to save money. This could be done through a reinforcement chart that shows their progress. Go to a store to purchase a toy with your child with money they’ve been saving.

This could be a goal in your child's Individualized Education Program (IEP). If you child goes to public preschool or kindergarten, an IEP is is a legal document designed to meet the educational needs for a child who may have a disability. There is a process for getting an IEP that is described in this Education article in the Milestones Autism Planning (MAP) Tool.

If your child receives or might receive government benefits based on income limits, open an ABLE account, ABLE is a special savings account for people with disabilities that does not affect needs-based benefits such as Medicaid or Supplemental Security Income (SSI). It may have different names in different states, for example in Ohio it's called a STABLE account. There is more information about financial and government support in this article in the MAP Tool.

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