Behavioral Action At Work with Jun Wei, 10

Have you found the best way your child learns about money? We learned from Howard Gardner, Professor of Education at Harvard University that children learn in a variety of ways. He states the 9 learning principles and of the myriad, we found that Spatial intelligence being the ability to form mental imagery of the world aided Jun Wei, 10 in significantly saving consistently over time.

Traditionally, piggy banks are a means to which children store their savings. Saving up for his new PSP goal in the PlayMoolah Goal Machine, Jun Wei actively took the chance to separate his current pool of savings in his piggy bank with a transparent jar, so as to apportion his savings for his new savings goal.

PlayMoolah’s Goal Machine

The ability to see his money grow in his transparent jar motivated him to save consistently more. The ability to draw the correlations and actively visualize the mental imagery around his savings growing in the transparent jar allowed him to attain feedback from his constant cycle of saving. Within a period of 3 weeks, the dollar amount in his savings had grown up to $28.

The power of visual recognition with Jun Wei visualizing with his mind’s eye enhanced and motivated him to save more. Identifying what Gardner has presented in determining the ways our children learn best, we too can be creative and see how these principles apply to savings and money management.

Jun Wei declared to his Mom that after 2 months of saving up for his PSP, he decided that it was not worth his effort in buying his ‘want’, his PSP. Having gone through the process of delayed gratification, and understanding the hard work involved in taking time to save for his goal, the boy surprised us when he told us he decided to give up his want.

What amazed us was this – His Mother seeing how he strived to achieve his goal while being consistent in the savings process, rewarded him with a PSP at the end of the day. Little did we realize the beginning of his savings goal resulted in a trip down to the local bank where they deposited his savings, from his humble transparent jar.

 

This entry was posted in Children, Financial Education, Savings, Stories.

One Response to Behavioral Action At Work with Jun Wei, 10

  1. Pingback: Rethinking Money For Your Child - SingaporeMotherhood.com

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