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Money Smarts 101: Thinking Before Buying Is a Powerful & Rewarding Life Skill!

Class
Play
Karen Holland
Average rating:
4.9
Number of reviews:
(39)
In this workshop, children learn how to quickly research the full value of a possible purchase (e.g. including sales tax & shipping/ delivery) as well as how much they will use & appreciate an item or experience, BEFORE they buy it.

Class Experience

US Grade 6 - 9
Beginner - Intermediate Level
This class is taught in English.
  • Children experience that thinking before buying does NOT mean you never get to do or buy anything fun! It just means that you plan your spending to avoid disappointment (buyer's remorse), reduce waste, improve family harmony, and protect the planet!
My formal education is in Economics. I worked for a global bank as a Risk Analyst before my family was born. My family is now grown. I have been teaching kids how to think before they buy for over 8 years now - and I love it! Thinking before buying is the cornerstone of being money-smart because it allows school-aged children to practice getting and using (at first basic) financial information to make their lives better. Asking and answering simple questions about typical childhood purchases very naturally reveals that anyone can, and should want, to ask questions about money! This is why I believe giving kids the habit of thinking before buying is one of the best gifts ever. And - it's not that hard a gift to give. 

GiftingSense.org (we use the Gifting Sense DIMS SCORE® calculator in workshop) has been recognized at the Money Awareness & Inclusion Awards for three years running: As one of the best Non-Profit School-Aged Financial Education Programs available in 2022, as the Runner-Up for the SKBI Sustainable Finance Literacy Prize in 2023, and again as one of the best non-profit financial education programs for school-aged children in 2024.
Homework
Frequency: included
Feedback: included
Details: The only homework is that we ask children to come to workshop with a possible purchase in mind, and an image or photo of the item or experience in question. Every student receives a pdf summary of all the math and thinking they have done when calculating the DIMS - Does It Make Sense? Score for a possible purchase. They can embed an image into that summary, which is particularly helpful if they are going to forward it to out-of-town family members who may have asked what your son or daughter might like to receive for an upcoming holiday or birthday gift.
Assessment
Frequency: included
Details: Before you know it, your kids will be asking themselves "What's the DIMS Score?" before spending their money, or anyone else's! Your family will be able to discuss the pros and cons of possible purchases in a relaxed but structured fashion, because you'll be armed with all the relevant information, in advance of having to make a decision. Parents are shocked to see children change their minds about a possible purchase after calculating the DIMS Score. Kids are shocked to see how quickly their parents get behind a request when it is made in advance, with thought and manners. Fewer, better quality requests to spend, improve family harmony.
If you let me know in advance what supports can be helpful, I will do my best to accommodate. You can also schedule a one-on-one class where my attention will be undivided.
You children will be calculating the DIMS - Does It Make Sense? Score for possible purchases on the https://giftingsense.org/ website. Gifting Sense offers a free and safe online calculator that collects no personal information. If your children want to print off the shareable summary of all the math and thinking they have done, they will need access to a printer. Please visit the site to learn more. Please do not hesitate to ask any questions you may have.
In addition to the Outschool classroom, this class uses:
"Money-Smarts 101: Thinking Before Buying Is A Powerful & Rewarding Life Skill" is designed for 10-14 year old learners. We help children practice asking & answering simple questions, about typical childhood purchases, before, any money is spent. This is a powerful experience as it allows kids to discover that it only takes minutes to answer the questions that can help them avoid disappointment, reduce waste, improve family harmony, and protect the planet!
We use Nearpod and the DIMS - DOES IT MAKE SENSE?® SCORE Calculator from GiftingSense.org in workshop. Please feel free to visit https://giftingsense.org/ and take a look at the Teacher Tab which contains a glossary you can download and print off. The Gifting Sense blog is another resource for parents and educators who are interested in helping children acquire early money-smarts. Please note that your child can calculate the DIMS SCORE® for any possible purchase as many times as they like after a workshop. 
Joined June, 2021
4.9
39reviews
Profile
Teacher expertise and credentials
Master's Degree from University of Toronto
Bachelor's Degree from Queen's University at Kingston, Ontario
Hi! My name is Karen Holland. I'm a Mom, with an educational background in Economics (Honours Bachelor of Arts and Masters Degree), who worked for a global bank. I believe thinking before buying is the cornerstone of money-smarts. Why? Because... 

Reviews

Group Class

$14

per class
Meets once
55 min

Completed by 322 learners
Live video meetings
Ages: 11-14
1-4 learners per class

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