Saturday, November 05, 2011
Kids and the value of $$
Trying to teach my kids the value of money. The challenge is going into a store (doesn't matter which) and not have the kids demand they get 'something.' As a parent we realize how much we spend on those little things they beg for - it all adds up to a heck of a lot of money at the end of the year! So tonight while at Walgreens, Preston begged and begged for this particular toy that cost $12. I said Christmas is coming up and that would make a great gift to add to his wish list. He threw an absolute fit. Then he went and threw a Star Wars toy in the cart and said I was buying it and that was that. I stopped and just counted to 3 - he took it out and put it back, as I was sturn yet collected. I have to come up with some sort of plan to have them save their own money and if they want something, they have to spend their own money. Maybe start an allowance? At same time I don't feel I have to pay my kids to help out around the house, I expect it. But perhaps I'll create special projects they can earn extra cash on.... your thoughts?
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Wow, I think the first thing is to from the very beginning tell the kids that unless it's their birthday or Christmas that they can get something. My children will never do this to me, to be honest with you, because they have known from an early age, that they don't ask or through a fit for not getting something when at a store. Bottom line, if it's not their Christmas or their birthday, they probably can't ask for anything, this is stated over and over again even before you go to the store. No, no allowances, the tooth fairy is a good money maker (you can be generous when giving them money for a tooth). They should help around the house. Extra chores like cleaning windows and scrubbing floors might be good projects to get extra money.
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