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Money Lesson 5 Parents Should Teach Kids

by Team Sammy

Have a Written Plan

Parents, teach your kids to plan. Teach them to put their plans in writing.

Plans are maps. They are strategies. They are the "how to" of getting from "here" to "there." They are the "how to" of achieving goals and making dreams come true. They get us from where we are to where we want to be.

Planning involves determining what needs to be done, setting goals, defining objectives, outlining strategies, and creating a roadmap or blueprint for achieving the desired outcome. It is the process of thinking ahead, considering various factors, and devising a plan of action.

One can not consider themselves prepared without a plan.

Planning Produces Plenty or Powerful Payoffs

A plan will help map your money, so you can give every penny a purpose and get the most value out of all the money you earn or receive.

Plan's enhance our chances of success. They help us eliminate avoidable failures.

A plan helps us make sure we use our time, money and other resources wisely.

Written Plan

The best plans are in writing.

Plans that are in writing can be reviewed, revised and improved. It is easier to "think," organize and prioritize when our plans are in writing.

5 Outstanding Quotes and Sammyriffic Wisdom on Having a Plan

Here are five Sammyriffic quotes on the power of a written plan.

(1) By failing to prepare, you are preparing to fail.

― Benjamin Franklin

(2) It takes as much energy to wish as it does to plan.

― Eleanor Roosevelt

(3) A goal without a plan is just a wish.

― Antoine de Saint-Exupéry

(4) Planning is bringing the future into the present so that you can do something about it now.

― Alan Lakein

(5) Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success. 

― Pablo Picasso

Easy and Fun Steps to Teach Your Kids to Have a Written Plan

Parents, here are some teaching tips, activities and exercises to encourage and get your kids in the habit of writing out their plans.

Teaching Tips and Activities

  • Listen to the song Plan

  • Read the lyrics to the song Plan.

  • Read the story Sammy's Big Dream. Review and discuss pages Pages 3 and 11. These pages use the word plan and demonstrate Sammy Rabbit's decision to have a plan to give him a better chance of making his dream come true.

  • Follow up the song and story with a discussion

  • Develop a simple plan for saving. Note 1: Sammy Money School members have access to and might also complete Sammy Activity templates titled: My Daily Activity Plan / My Weekly Savings Plan / My Plan / Song Activities

Activities and Exercises

  • Write out a Grocery Shopping List.

  • Write out a Daily or Weekly Schedule.

    This could include school, extracurricular activities, homework, playtime, and family time. Help them understand the importance of allocating time for different tasks and how planning ahead can lead to better time management.

  • Plan a Family Outing

    Involve your child in planning a family outing or day trip. Let them research and decide on the destination, transportation, activities, and any necessary preparations like packing snacks or checking the weather. This activity will teach them about considering different factors and making arrangements in advance.

  • Plan a Birthday Party

    Have your child plan their own birthday party with your guidance. Ask them to create a guest list, decide on a theme, plan the decorations, and organize activities. They can also create a timeline for when each task needs to be completed. This activity will teach them about setting goals, prioritizing tasks, and coordinating different elements.

  • Plan a Menu

    Ask your child to help plan a meal for the family. Have them decide on the main dish, side dishes, and dessert. They can create a shopping list based on the menu and assist in grocery shopping. This activity will teach them about meal planning, budgeting, and the importance of making lists.


(1) provide guidance and support throughout these activities, emphasizing the importance of planning, organization, and flexibility in achieving successful outcomes.

(2) small steps regularly produce magic. They establish the habits that produce predictable outcomes - the kind we like!

Free Membership to Sammy's Money School

Let's get kids financially literate, their families and communities too.

Take action today.

Put kids on the path to increased financial safety, security, stability, wellness, well-being, and wealth.

Enroll them in Sammy Rabbit's FREE Money School Membership program. The program:

  • makes quality early age, youth and family financial education available immediately

  • gives access to anyone and everyone who wants to teach their kids money habits and principles that will help both children and families establish a solid foundation to achieve increased levels of financial stability throughout their lives.

  • Get a FREE Sammy Rabbit's Money School Membership NOW!

We also welcome and invite you and your children (students) to become a PREMIUM Member of Sammy Rabbit Money School. This is a low-cost, super affordable way to gain access to more activities AND support Sammy's mission to bring financial literacy education to kids and families across the world.

Contact Sammy


We welcome your questions, suggestions, thoughts about Sammy Rabbit and his mission to get kids, families & communities financially literate.

Your friends in early age, youth and family financial literacy education for the last 20+ years and counting, Team Sammy!

Have a Sammyriffic day!

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