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We d love to hear what you think about these children s books and parent guides Use this QR Code or link to find our survey http go wisc edu 55gf2g DOLLARS DURING DEVELOPMENT Parent reading guide for Ella Earns Her Own Money by Lisa Bullard Ages 5 8 For more information please contact your county UW Extension office

DOLLARS DURING DEVELOPMENT BOOK CLUB Ask your local UW Extension office about all the Dollars During Development Book Club parent guides You Can t Buy a Dinosaur with a Dime Tops and Bottoms by Janet Stevens ISBN 0590864963 4 7 years by Harriet Ziefert Amanda Haley ISBN 1609051467 5 8 years This parent guide was developed by Sandy Liang Family Living Educator UW Extension and has been reviewed by members of the UW Extension Family Living Programs Dollars During Development workgroup Workgroup contributors include Lori Baltrusis Dawn Doperalski Leah Eckstein Katie Gellings Paula Hella Judy Knudsen Sandy Liang Heba Mohammad Susan Nagelkerk Peggy Olive Gail Peavey Beth Rank Mary Ann Schilling Sarah Siegel Shelley Tidemann Nancy Vance Kayla Viste and Jeanne Walsh Publication production graphics editing support for this project by Libby Bestul and Deborah Hewko But I Used All of my Pocket Change Sally Jean the Bicycle Queen by Lauren Child ISBN 0803737289 3 5 years by Cari Best ISBN 0374363862 4 8 years Jenny Found a Penny Ella Earns Her Own Money by Trudy Harris John Hovell ISBN 0822567253 5 years by Lisa Bullard ISBN 1467715115 5 8 years Just Saving My Money Follow the Money by Mercer Mayer ISBN 0060835575 4 7 years by Loreen Leedy ISBN 0823417948 5 years Make Money Have a Lemonade Stand Deena s Lucky Penny by Bridget Heos ISBN 1622431790 3 7 years 13 by Barbara deRubertis ISBN 1575650916 5 7 years March 2017

Agriculture s NIFA Cooperative Extension System which brings vital practical information to agricultural producers small business owners consumers families and young people An EEO AA employer University of Wisconsin Extension provides equal opportunities in employment and programming including Title VI Title IX and the Americans with Disabilities Act ADA requirements Parent reading guide Ages 5 8 Welcome This guide will help you teach your child money management skills while reading Ella Earns Her Own Money by Lisa Bullard It will do this by Helping you explain the key ideas covered in the book and then providing you with signs your child understands the key ideas and can use them in daily life Giving you things to think about before reading the book with your child These can help you spot key points in the book or spark ideas to discuss later Helping you prepare for an enjoyable reading time with your child 12 Providing questions to talk about with your child Suggesting activities that help your child put ideas and lessons into action 1

The story About this guide Ella wants to buy a soccer ball but doesn t have enough money She finds ways to earn money to reach her goal The Money as You Grow Book Club is a research based program designed to help parents caregivers and others teach children ages 4 through 10 money skills through reading activities and play The Money as You Grow Book Club is an updated version of the University of Nevada Extension s Money on the Bookshelf program The Consumer Financial Protection Bureau CFPB The University of Wisconsin Madison Center for Financial Security and the University of WisconsinExtension Family Living Programs have worked together to expand the program and make it available to libraries educators and parents nationally The CFPB is an independent federal agency We write and enforce rules that keep banks and other financial companies operating fairly We also help educate and empower consumers For more about tools and resources for parents visit consumerfinance gov MoneyAsYouGrow The Center for Financial Security is a research center that seeks to help the public build financial knowledge and skills increase access to financial services and increase the financial security of families The University of WisconsinExtension is part of the National Institute of Food and 2 11

Key ideas By the time you finish this discussion guide your child will be able to point to examples of these key ideas in the book you read and discuss real life examples too Use these definitions to explain the ideas We ve also included ways children can show they are ready to use them in their daily lives 1 Goal setting A goal is something you want to do or to have When you set a goal you make a plan to reach your goal by a certain time and follow the plan until you succeed Reaching a goal feels good Celebrate your success and the successes of others How children show it Can follow a multi step plan to reach a goal with a little help and encouragement 2 Earning People use their time and skills to make money Paper money and coins have different values 10 3

How children show it Can identify the different jobs people in the family and community do to earn money Has a safe place to keep money and keeps track of how much they have 3 Follow through Sticking with a plan to reach a goal can be hard It takes effort skill and sometimes help from others How children show it Can identify whom they can turn to for help reaching a goal or what tools or tricks might help them stick with a plan picture for each of the different sections Does your budget have a section for saving and sharing too Ages 4 6 Let your child color in the different sections of the circle Talk about all the different things you buy or save for in each of these sections Take the circle to the grocery store with you and have your child guess which sections the different items fit into Ages 7 Show your child how you keep track of the different sections of your budget and any savings Maybe you use a checkbook or online banking or app If your family has an emergency or surprise expense talk about how you fit that into your budget Earning money Ages 5 Ella in the book did many jobs to make money Ella learned how to do things like wash the dog and make bracelets to sell Talk with your child about which of those jobs they would like to do the most if they wanted to earn money Have your child think about their own special skills The next time you are walking around your neighborhood or running errands point out people who are doing different types of jobs As you see people doing various things talk about the difference between work and play and hobbies How would you explain the difference between working and playing 4 9

Something to think about Something to do Celebrate success Ages 4 First read the book yourself and think about these ideas Remind your child of something they learned how to do in the past few months Maybe he or she learned how to tie their shoe or add 2 numbers together Ask your child how they feel when they think about their new skill How hard or easy was it to learn and practice What helped your child along the way Ella keeps three jars save share and spend Notice how the savings jar goes to the bank and the spending jar is for buying a new ball How would you like your child to divide up his or her money Sorting my money Ella s family supports her goal to get a soccer ball and helps her find ways to earn money Does your child have some way to earn money at home or in the neighborhood Ages 5 This activity helps children set goals and plan for their spending If your child has money of their own make separate jars for saving sharing and spending or choose other labels that fit your family This can be empty food jars coffee cans or anything else you may have in the house with a lid Cut a slot on the top of the lid if you d like Label each can or jar and let your child be creative and decorate it How will your child decide where to put any money they earn or get as a gift Ella s family thinks daily chores are just a part of being in our family and children are not paid for chores What are the rules at your house Ella did a lot of hard work to earn her money Notice what kinds of skills support and supplies helped her earn money Parents can do an activity to show how they sort their spending too Draw a circle and divide it up like a pie into different sections based on your family s expenses like housing food clothes etc You can write a word or draw a 8 5

Before you read Something to talk about Read the book first yourself Knowing the story will help you know what comes next It is important to ask your child questions about the story as you read Ask what might happen next in the story Before you begin to read the story with your child look at the cover of the book together Ask what the story might be about Choose a quiet time for stories and make it part of your daily routine When Ella got her first allowance what did she do with it Does your child have a piggy bank or jar they save money in Find a cozy quiet place to read Make sure your child can see the pictures Talk about the pictures and characters in the book Read with expression in your voice Give each character in the story his or her own voice As you read the story with your child talk about these ideas Ella puts money in her spending jar for her goal of buying a soccer ball What did she do with the money in her other two jars In Ella s family chores are a part of being in a family Ella gets allowance for doing extra work What is the rule about chores and work in your home Keep the story time short enough to leave them wanting more Ella s friends and family help her earn money for her soccer ball What kinds of jobs did Ella do to make money Which jobs would you like best Look for ways during the day to bring up the messages in the story Ella was saving her money but then bought gum at the store with some of her ball money Would you have bought gum or saved your money for a new toy Continue to read aloud together even if your child can read alone 6 Even though it was hard work and took time Ella reached her goal of buying a soccer ball When was a time you worked hard to reach a goal 7