Tuesday, June 22, 2010

The Lemon-Aid Stand

How sticky summers call for a cool summer drink purchased from the local neighborhood..."Lemonade Stand." Will your child be an entrepreneur this summer and open up their very own store front?

This time, help them financially so they can see for themselves what they buy the lemonade for vs. how much their selling it to determine their profit. Start off with the "kitty." Give them a certain amount to start with, lets say $10.00. Go shopping with them to buy the lemonade and cups (you may even want to offer cookies for your customers). Have your child pay from the "kitty." Now, start selling the lemonade!

"Cool refreshing drinks for $1.00" (or whatever price you determine). At the end of the day have your child count the money in the "kitty" and see if they have more than they started with. In this example, it would be $10.00. It’s a sticky lesson learned.

Save your coins, Susie Saver

P.S. Email Susie and tell her what you want to learn about at: susan@susiesaverbooks.com

Financial planning lessons are posted two times a month. Next lesson on, "Setting up Savings and Spending Accounts for Teens"

0 comments:

Post a Comment

 

Susie Saver Books Copyright © 2010|Cookiez template is Designed by Ipietoon for Free Blogger Template modified 2010.