This is the second post in a series of posts on how I'm teaching my kids about money. You can read part one here
Recently Bug (my three year old) wanted to go to the mall to play at the play area. He asked me if it cost any money. I told him it didn't. Then he asked me how much money it costs to go the Children's Museum he loved. I told him $10. He told me that I'd have to work* so we could have enough money to go to that museum.
Something is starting to click.
Today at the store, I let him pick out the snacks for Joy School. He chose string cheese and I was doing some cost comparison when he asked me how much they each cost. When I told him, he asked me if I had that much money.
I think next time he's at the store with me, I'll give him a small amount of money and let him choose something to buy with that amount. He's starting to grasp that some numbers are bigger than others, so he should understand if he picks something that costs more than he has.
*I do have a part-time work from home job, so it's not as if he was telling me to get off my rear and earn some money to take him to the museum.
Wednesday, March 12, 2008
Teaching My Kids About Money Part II
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3 comments:
I love the idea of giving him some money to buy and item. We have been working with the kids about money too-I do not want them to think that it grows on trees like I did!!!! I will have to try that with our kids next time we shop.
Recently our 5 year old daughter was given $40 for her birthday and returned a defective camera and chose to pool her money- $80 is a HUGE amount for a child!!!! We worked with her to maximize her money and she was amazed at what she bought-an ant farm, Build a Bear, Audoboun Society bird, and a Club Libby Lu makeover. She decided that she had enough for now and would save the rest for summer!!! I was so pleased with her thoughtfullness inwhat she chose. She only bought what she had really wanted and thought long and hard about it all. Her twin stretched his $40 even farther but I can't remember what he got now!
http://journalofamomma.blogspot.com/
How cool that your kids wanted to stretch their money and took the time to think carefully about their purchases. Thanks for sharing your experience.
This blog post has been included in the "Carnival of Money Stories #51" at Life Lessons of a Military Wife. Hope you will drop by and read some of the many other wonderful entries received this week!
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