When you hear the term ‘economic sustainability,’ do you immediately think of money? Many people do, but economic sustainability isn’t just about saving money or spending less. Rather, it focuses on fostering practices that support economic development while ensuring environmental and social well-being for present and future generations. It is one part of the broader sustainability picture.
The Early Years Learning Framework V2.0 emphasises a holistic approach to sustainability, acknowledging the interconnectedness of environmental, social, and economic dimensions. The Framework recognises the "avid interest children have in their world" and their capacity to learn and contribute to a sustainable future.
Educators and children have important roles to play in creating and promoting sustainable communities. And introducing young learners to economic sustainability concepts empowers them to become responsible consumers, informed citizens, and advocates for a just and equitable world.
Engaging activities for an ECEC setting
While it may sound daunting, exploring economic sustainability can be fun, engaging and rewarding. There are many activities you can introduce at your service to encourage economic sustainability including:
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Eco-friendly projects: Upcycle materials to create planters, toys, or decorations.
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Gardening and growing: Start a garden to teach children about plant life cycles and the economic benefits of growing your own food.
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Market day: Organise a market day where children can sell their creations, introducing them to basic economic principles like pricing and trading. The money could be raised for a charity that holds meaning for the families at the service.
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Storytelling and role play: Use stories and games to illustrate concepts like saving, spending wisely, and the impact of economic decisions.
Photo above: The 'Apple slinky cart' at Milford Lodge's annual market day
Age-appropriate concepts for economic sustainability
Introducing complex economic concepts to young children requires simplifying them into digestible, age-appropriate ideas. Here are some key concepts to consider:
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Value of resources: Teach children about respecting and conserving resources such as water, energy, and materials. Simple activities like turning off lights or turning off faucets when not in use can make a significant impact.
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Fair trade and equality: Discuss fairness and equality, explaining why some products are labelled "fair trade" and how it helps farmers and workers around the world.
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Saving and sharing: Introduce basic lessons on saving money, sharing with others, and understanding the difference between ‘needs’ and ‘wants’. Role-playing activities such running a pretend shop can help solidify these concepts.
Photo above: Learning about saving money at J.A.C's Learning World
Creating an inclusive environment
It is also important to consider that families and children come from a variety of economic backgrounds. It's crucial for services to create an inclusive environment that respects and values everyone’s circumstances.
One way to achieve this is by using diverse learning materials, such as books, toys, and other resources that reflect a range of cultures and economic situations. Encouraging family involvement is another approach, where families can share their experiences and traditions related to economics, budgeting, and saving. Additionally, activities should be designed to be accessible to all children, regardless of their family's economic status. This can be achieved by utilising recycled materials or low-cost resources.
Wyong Preschool: Economic sustainability in action
Wyong Preschool is a shining example of economic sustainability in early childhood education. As Director Cheryl Irvine says: "Teaching children about the natural environment and how to care for it includes all three dimensions of sustainability—environmental, social and economic."
The preschool has taken significant steps to integrate economic sustainability into its practices, moving beyond recycling and worm farms to focus on broader social and economic impacts.
One key strategy is resource efficiency. The preschool has installed solar panels to reduce electricity consumption and uses undercover clotheslines to minimise energy use. The service prioritises equipment made from recyclable materials and partner with suppliers who adhere to fair and ethical trade practices.
To foster community engagement and sustainable habits, the preschool encourages families to use bento boxes for lunches, reducing plastic waste and the need for pre-packaged foods. Annual swap days promote sharing and recycling, while excursions to local shops teach children about sustainable spending.
Photo above: Wyong Preschool's annual swap day
By implementing these strategies, Wyong Preschool demonstrates a holistic approach to sustainability, fostering a sense of responsibility and environmental stewardship in young children. As Cheryl highlights, the children are "sustainable warriors", actively participating in recycling and composting, and learning the importance of giving back to the environment and society.
Skill up on sustainability
Wondering how to get started? Check out our upcoming live webinar Principles in Action: Sustainability
Further reading
Exploring the 3 dimensions of sustainability in ECEC:
https://education.nsw.gov.au/early-childhood-education/leadership/news/exploring-the-3-dimensions-of-sustainability-in-ecec
Becoming carbon neutral and appointing a sustainability officer:
https://www.cela.org.au/publications/amplify!-blog/february-2024/the-point-preschool-journey-to-carbon-negative
Organise a fundraiser such as a lemonade stand to raise money for books:
How a desire for books drive a child-led fundraiser, STEM investigations and a visit from Grandma Smoo - CELA
Holding a market day:
https://www.cela.org.au/publications/amplify!-blog/feb-2023/market-day-at-milford-lodge
The joy of using loose parts:
https://www.cela.org.au/publications/amplify!-blog/jan-2022/why-cable-drums-are-loose-parts-gold-mines
About CELA
Community Early Learning Australia is a not for profit organisation with a focus on amplifying the value of early learning for every child across Australia - representing our members and uniting our sector as a force for quality education and care.