There are children who constantly ask for THINGS. Luckily, mine aren’t the type. Rarely would they pester us into buying toys or anything else they might see the other kids with, and when we explain why they can’t have it, they simply accept it and that would be the end of it.
But as of late, my six years old son wanted pretty much everything he saw! SO, of course this meant for an immediate intervention. It was time for the talk. Did you know parents are more afraid to have the “money” talk than they do about drugs, sex, bullying, etc.? I find this interesting. I guess it’s because parents aren’t great at managing money themselves.
Anyway, after a long conversation on the ride home from the mall last week, I really felt that Tyler understood. We talked about prioritizing financial decisions and the difference between WANTS and NEEDS.
This whole thing got me thinking about allowance and chores. And so we sat down as a family that night to discuss this topic. We decided that the boys would get $2 a week for doing chores and they can earn additional coins ($.01-$25) depending on good behaviours, etc.
I made it very clear that from now on we would only pay for their food, clothes and school expenses. They will have to pay for things they want. For example if they like to go to Chuck E Cheese they will have to use their money to buy tokens, etc. They were thrilled anyway.
I’m hoping this will teach the boys responsibility, work ethic and the importance of earning things……aaand possibly budgeting and money management? Maybe? Hey, kids are remarkably intelligent, this might just work.
So for craft day (every Saturday), Tyler suggested making piggy banks. Did i mention my son is a genius? He gets it from me of course. 🙂
Milk jug piggy…Aren’t they just adorable?!!
All you need are: acrylic paint (three coats), empty milk jug, egg carton (legs), buttons (eyes), pip cleaner (tail), construction paper (ears), and a marker.