A Little Time and a Keyboard: Money
Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Teaching your children about money

Saturday, May 18, 2013

I distinctly remember my French teacher telling me not to say "Je veux, je veux, je veux" in France. Rather, I should say "Je voudrais." She likened "Je veux, je veux, je veux" to a child saying "I want, I want, I want." Je voudrais, meaning I would like, is much more polite. The whole "I want, I want, I want" stuck with me. Now, with my own child, I do hear plenty of "I want, I want, I want." Of course, this is typical of a child. However, my husband and I want her to be cognizant of the cost of things. We have not done anything exciting, just some basic things to help her learn about money. I think that it has worked well. While we do still hear "I want, I want, I want" a bit, we also hear "I don't have money for this right now," "I will buy this with my money" and "I will save money for this."

Here are some of the methods that we use:

1.) Earning: My daughter has an allowance that she must earn through chores. If she does not complete her chores or misbehaves, she gets no allowance. She has had an allowance since about 5-years-old.

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