💡 The time value of money teaches kids that saving today can lead to bigger rewards tomorrow.
🎲 Hands-on tools like games, savings challenges, and simulations make money concepts stick.
📚 Learning about interest, compounding, and budgeting early builds lifelong financial skills.
Teaching the time value of money (TVM) early in life is one of the best ways to help kids and teens build strong financial habits. Simply put, TVM is the idea that money available today is worth more than the same amount in the future because of its potential to grow through saving or investing.
This concept is key to understanding saving, budgeting, and delayed gratification.
But how can we teach this idea in a way that sticks?
In this guide, we’ll explore the best tools for teaching time value of money, from hands-on activities and games for 10-year-olds to digital tools like Modak Makers that make learning both fun and practical.
The time value of money (TVM) refers to the idea that money today is worth more than the same amount of money in the future. Why? Because today’s money can be invested or saved, earning interest or returns.Â
For example, $100 invested today might grow to $110 in a year with a 10% interest rate. However, if you wait a year to receive the $100, you’ve lost the opportunity to grow that money.
Learning this concept helps kids and teens understand why saving early and regularly is essential for long-term financial success. It also teaches them the value of delayed gratification, where waiting to spend can lead to more money in the future.
Learning about the time value of money from an early age lays a foundation for smart financial decisions later in life. It helps kids and teens:
Teaching complex concepts like the time value of money doesn’t have to be challenging. Here are some effective tools to help make learning fun, engaging, and practical for kids and teens.
Online learning platforms offer structured, interactive courses that teach TVM using engaging activities, quizzes, and real-world examples. Here are a couple of standout courses:
These courses are perfect for older teens looking to dive deeper into financial literacy, as they present real-world applications of TVM in an engaging and interactive format.
One of the best ways to teach kids about the time value of money is through apps that make learning fun and practical. Financial literacy apps like Modak offer a hands-on way to manage chores and earn money.
📲 Modak turns everyday tasks into teachable money moments through chores and rewards.
👟 With Walk to Earn, teens get paid for staying active, reinforcing that small steps add up.
💳 Modak offers a safe way for teens to manage money with a debit card and parental controls.
Teaching the time value of money (TVM) early in life is one of the best ways to help kids and teens build strong financial habits. Simply put, TVM is the idea that money available today is worth more than the same amount in the future because of its potential to grow through saving or investing.
This concept is key to understanding saving, budgeting, and delayed gratification.
But how can we teach this idea in a way that sticks?
In this guide, we’ll explore the best tools for teaching time value of money, from hands-on activities and games for 10-year-olds to digital tools like Modak Makers that make learning both fun and practical.
The time value of money (TVM) refers to the idea that money today is worth more than the same amount of money in the future. Why? Because today’s money can be invested or saved, earning interest or returns.Â
For example, $100 invested today might grow to $110 in a year with a 10% interest rate. However, if you wait a year to receive the $100, you’ve lost the opportunity to grow that money.
Learning this concept helps kids and teens understand why saving early and regularly is essential for long-term financial success. It also teaches them the value of delayed gratification, where waiting to spend can lead to more money in the future.
Learning about the time value of money from an early age lays a foundation for smart financial decisions later in life. It helps kids and teens:
Teaching complex concepts like the time value of money doesn’t have to be challenging. Here are some effective tools to help make learning fun, engaging, and practical for kids and teens.
Online learning platforms offer structured, interactive courses that teach TVM using engaging activities, quizzes, and real-world examples. Here are a couple of standout courses:
These courses are perfect for older teens looking to dive deeper into financial literacy, as they present real-world applications of TVM in an engaging and interactive format.
One of the best ways to teach kids about the time value of money is through apps that make learning fun and practical. Financial literacy apps like Modak offer a hands-on way to manage chores and earn money.
