Appropriate age group(s):
K-5 on up.

Description of technique for teaching kids the value of money:
Teach your kids the value of saving money with coupons and what that savings could then buy them.

For this exercise you'll need to cut out some coupons and a have variety of coins on hand. With your cut out coupons you can show your kids how you can save money.

For example, if you have a 25 cent coupon for cereal, explain that you would save a quarter by shopping with this coupon. Put that quarter aside. Now that we have saved a quarter, what can we buy with the quarter? A pack of gum might be a good example. Ask them how much money can be saved if you use 3, 4 or 5 coupons and put those savings into your pile of coins. What can your child purchase with their savings? Take a trip to the local candy store and find out!