KNI Finance Club

Volume 1, 2018

Kids Night In

#KIDSNIGHTINBOX

K id s Nig ht I n B o x KIDS NIGHT ENJOYED FROM HOME

F i na nc e Cl u b

• MONEY, EARNINGS, SAVINGS, INVESTMENTS & INTEREST •

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Kids Night In Box • Savings

Welcome to your Kids Night In LETTER TO THE ADULT As a parent, I struggle with how exactly to go about teaching my children the important lessons related to finance. On one end of the spectrum, I want my children to stay “little” for as long as they possibly can. I believe it is mine and my husband’s job are to protect our children from some of the burdens of adulthood. On the opposite end of the spectrum, I want my children to know the value of a dollar, to learn about savings, interest, budgeting, and balancing a checkbook from as early of an age as possible.

Some schools do teach personal finances, but it isn’t enough. A financial literacy test given by the National Financial Educators Council found that test-takers from 15-18 years old, scored an average of only 59.6%. How can we begin to help our children at a young age to better understand how to be financially responsible. I believe as a parent it is my duty to be provide my children a solid financial education before going out into the real world. I want to share with them the tools to be able to handle any adult decision, especially when it come to their finances. I mean think of it, how will they know what it means to take out a student loan? Or how to be responsible with a credit card? What about when it is time for them to get a job or buy a home? Where will they learn to create a savings and retirement plan? I can’t help but think that learning these skill at a young age will only benefit my children once they are adults.

We all know that lecturing a child isn’t always the best way to really get them to listen and learn. Through this experience, I hope that we have presented this critical lesson in an exciting and approachable way. As the Night In Boxes team developed the following activities, our focus was to “balance the scale”. Feel free to tip that scale either direction base on your comfort level.

As always, as a new business we appreciate all of the love and support from you! We encourage you to share your Kids Night In experiences with your friends, coworkers and family. Share your pictures on your favorite social media page using the hashtag #KidsNightInBox. Till Next Month!

Megan Pruitt Founder, Kids Night In

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Savings • Kids Night In Box

What you can expect KIDS NIGHT IN FINANCE CLUB

OPTIONAL DINNER RECIPE

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READ YOUR INCLUDED BOOK

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FOUNDATION LESSON

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MONEY SONGS

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INCOME, EARNINGS AND MAKING ICE CREAM

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SAVING MONEY

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EARNING INTEREST

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Kids Night In Box • Savings

Optional Kids Night In Recipes CHEDDAR SLIDERS (makes four mini sliders) INGREDIENTS • 4 mini slider buns • 1-2 tablespoons Canola oil (for pan frying burgers) • 1/4 pound of ground sirloin • 1/4 pound of ground beef • 1/2 teaspoon of salt • 1/4 teaspoon of pepper • 1/4 cup of cheddar cheese cubes • 2 slices of cheddar cheese (cut into four slices) • 4 small slices of Roma tomato • 4 small pieces of romaine lettuce • Ketchup • Mustard DIRECTIONS Preheat your grill to a medium-high heat. If you prefer to cook your burgers on the stove top, heat 1-2 tablespoons of canola oil in a medium frying pan over medium-high heat.

In a medium bowl, combine ground sirloin, ground beef, salt, pepper, and cheddar cheese cubes with your fingers and form four small patties.

When the grill or frying pan is set, add the sliders and cook for 3-5 minutes on each side.

To assemble the slider, add the burger to the bottom of the bun and top with a slice of cheese, tomato, lettuce, ketchup and mustard.

KITCHEN TOOLS • • • • •

Frying pan/grill Spatula Medium-sized bowl Knife Cutting board to cut burger top pings

TIPS Pressing down in the middle of the burger with your thumb to create a little indent in the burger will help it cook evenly.

Savings • Kids Night In Box

Hi friends!

I’m Marina from marinamakesblog. com and I’m so glad you’ll be enjoying this month’s activities at home.

This month’s ice cream activity is so much fun and it’s delicious when paired with a burger. I hope you enjoy the cheddar slider recipe I put together for you!

MINI VEGETARIAN BLTS (makes four mini sliders) INGREDIENTS • 4 mini slider buns • 4 slices of vegetarian bacon • 1 avocado, sliced • 4 small slices of roma tomato • 4 small pieces of romaine lettuce • Mayonnaise DIRECTIONS Heat vegetarian bacon as recommended on packaging.

To assemble the slider, spread mayo on both sides of the bun and top with bacon, tomato, a couple of slices of avocado and lettuce.

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Read your Included Book!

Find a snuggly spot to read your included book If You Made A Million by David M. Schwartz. It will set the stage for your activities today!

After you are done reading take a few minutes to discuss the book!

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Kids Night In Box • Savings

Foundation Lesson Now it is time to grab your included coins and play money. Dependent upon the age of your child, take this time to introduce to them the idea of money. This activity is easily modified for older and younger children. If you have children that are little and a little older, encourage your older children to share what they know about money.

FOR THE LITTLE ONES Match the coin to the name and use your included coins to match the coins on this sheet of paper!

FOR THE OLDER ONES Match the coin to the value!

$0.01 DIME $0.10 PENNY $0.25

QUARTER $0.05

NICKEL

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Found this money in my pocket. How Much is it?

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1 =

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5

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Savings • Kids Night In Box

Money Songs Next, you will sing some fun songs! Head over to www.kidsnightinbox.com/money-songs to find all your money songs that will make learning extra fun.

I Have a Shiny Penny

Ten Pennies

I have a shiny penny.

Just one little cent.

Where did I put my little coin?

Into my bank it went.

One little, two little, Three little pennies.

Four little, five little, Six little pennies.

I have a shiny penny.

That makes two coins for me.

If I find another penny, I’ll count them, 1, 2, 3.

Seven little, eight little, Nine little pennies.

Te n little pennies in a dime.

I now have two more pennies.

How many does that make?

I can trade five pennies with you.

One nickel I can take!

f r om S co tt F o res ma n — A d d is o n Wes ley

ve rse co n t rib u t e d b y G a v i n, from w ww. a t o z k id ss t uf f . co m

( su ng to the tune of F a r m e r i n t h e De l l )

A penny’s worth one cent.

A penny’s worth one cent.

Oh yes I know that a penny’s worth one cent.

A nickel’s worth five cents.

A nickel’s worth five cents.

Oh yes I know that a nickel’s worth five cents.

A dime is worth ten cents.

A dime is worth ten cents.

Oh yes I know that a dime is worth ten cents. verse c o n t ri b u t e d b y G a v i n, from ww w.a t o z k id sst u f f . co m

Penny, penny, Easily spent Copper brown And worth one cent.

Nickel, nicke l, Thick and fat, You’re worth five cents.

I know that.

Dime, dime, Little and thin, I remember, You’re worth ten.

Quarter, quarter Big and bold, You’re worth twenty-five I am told!

Pennies from Heaven The Money Song

Coins

T oday I found a penny and I p ut it in my shoe, But when I went to take it out, I found that I had two.

I put the pennies back again, b ecause I wanted to see, If I left them a little longer, the two would turn to three.

Half dollar, Half dollar The biggest coin You’re worth fifty cents And are hard to find!

vers e co n trib u te d b y Ga vin , fro m w w w . a to z kid s s tuff.c om

I went outside to play a game, I wasn’t gone for long.

But when I came back to see, the both of them were gone.

Now maybe there’s a moral h ere and maybe there is not, But if you find a penny or two, be happy with your lot! poem fro m w w w . kir. o rg

Collection of money songs from http://www. teachmama.com

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Kids Night In Box • Savings

Make your own ice cream!

INGREDIENTS FOR THE CHILD( REN) TO PURCHASE: • • • •

1 cup milk 1.5 Tbsp sugar 1/3 cup kosher or coarse salt 1/2 tsp vanilla

MATERIALS FOR THE CHILD( REN) TO PURCHASE: • • •

2-3 cups ice, crushed or cubed 1 quart-sized plastic Ziploc bag 1 gallon-sized plastic Ziploc freezer bag

VARIATIONS ON THIS RECIPE: We suggest using milk in the version below, which creates a lighter, less dense ice crea m.

You can also use half-and-half for a creamier ice cream. Use organic ingredients for organic ice cream, and fee l free to add chopped fruit, chocolate chips, or nuts to create the flavor you like.

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FOR CREAMY ICE CREAM: use halfand-half

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FOR FROZEN YOGURT: use a mixture of yogurt and milk

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FOR DAIRY-FREE ICE CREAM: use coconut milk instead of cow’s milk

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FOR SHERBET: use a combination of milk and fruit juice

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FOR CHOCOLATE ICE CREAM: use chocolate syrup (cocoa won’t be strong)

What is inco how do we e During this activity children will learn that money is earned and does not come free.

Hooray! You are going to earn some money.

Earning money is hard work! Each day people all over the world go to work to earn an income.

Income is money you receive for working hard. Do you want to earn some income today?

We thought so!

Let’s jump right in to learning how to make some income! Today you will have an important job of being an ice cream maker, decorator and seller!

First you will need to grab your included money and purchase your supplies to make your ice cream, from the adult working with you. Your supplies will not be a gift and you will have to purchase them before you can get started.

Before you make the ice cream from the recipe on the left take a moment to decorate your spoons and cups!

Savings • Kids Night In Box

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me & arn it?

KEY TERMS TO EXPLAIN

Income:

The money you receive for your work

Earn:

To work for some thing

Gift:

Something you receive for free

Photos courtesy of Marina Makes

Ice cream toppings INGREDIENTS: • •

1/4 cup of semisweet chocolate chips Sprinkles

O p t io n a l s n a ck e nha nce me nt b y : M a r in a Ma ke s

TOOLS: • •

Small microwave safe bowl for melting chocolate Spoon for stirring

DIRECTIONS: Melt chocolate in microwave safe bowl for 30-second intervals, stirring it until it’s melted. After scooping the ice cream into a bowl, top with melted chocolate (it will harden and turn into a chocolate shell) and sprinkles.

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Kids Night In Box • Savings

Saving Money With the help of an adult, your Kids Night In box can become a piggy bank. This can be a place that you can save your money! Simply cut out a slit, large enough to put your coins and bills through, at the top of your Kids Night In Piggy Bank Box! Now it’s time to think about something you would like to save up for! Based on your comfort level and the age of the child participating, this could be an opportunity to speak about needs and wants.

What have you decided you are going to save up for? Using your included GOAL SHEET fill out what your saving for!

I am saving for...

Next, let’s discuss some of the ways you can earn money! Write down a list of jobs that you would like to do to earn money. After your list is complete, now decide how much you should earn when completing each job.

• JOBS •

I did it!

JOB

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Savings • Kids Night In Box

Earning Interest After you have saved up some money you can take it to the bank and open up a savings or checking account. If you let your money stay in your bank account, you can grow your money and earn interest.

That’s right! Most of the time, you have to work to get money. But you may not know that your money can work for you everyday.

INTEREST GAME

KEY TERMS

Note to the adult:

Interest:

The interest game is a great way to teach children about compound interest and how it works! Follow the directions below.

Interest is what a bank pays you to keep your money there. The longer the money stays in the bank, the more mon ey you earn.

Interest Game STEPS: Simply give the participating child one coin. Based on their age pick a time frame to not touch the coin.

EXAMPLE

3-year-old= three minutes 5-year-old= five minutes etc.

If they succeed in delaying gratification and still have that original coin at the end of the time they get additional coins.

YOUNGER CHILDREN: At the end of the game, for younger children you can explain this is similar to how their money will grow in a bank.

OLDER CHILDREN: At the end of the game, explain that this is how compound interest in a savings account works. You leave your money unused in exchange for the reward of making money. Just as those play coins and money added up, so will their real money!

Next you will escalate the challenge and the reward.

If they don’t touch either of those coins after another “x” minutes, you’ll add on a play dollar. If they can delay gratification and invest in the “future” at the end of 20 minutes, they’ll now have five dollars.

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Volume 1, 2018

Kids Night In

#KIDSNIGHTINBOX

Till Next Month!

- THE NIGHT IN BOXES TEAM