What’s it called when you stay somewhere and everything you eat, drink and use is magically already paid for? Oh yes, all inclusive!!! We’ve decided that must be what life looks like to our son.
He’s not fully understanding the concept of paying for things. He doesn’t like to hand over whatever new item is his current favorite to the lady at Target. No, it’s time to show out when we try to pry said current favorite from his tiny fingers. It all makes sense though when I stop to think about it. It’s that all inclusive lifestyle he’s gotten used to. There’s no need for money. As long as he’s with mommy and daddy things are magically paid for – just like that. What a life he has. We’re going to have to let him start paying for things himself from his overstuffed piggy bank or something. I guess then the fight would be him actually giving up HIS money. Yeah, that won’t work.
My husband always says, “it’s his world, we just finance it.” So true! Still we’re having little talks with him about money. Explaining what each coin is as he runs to dump them in his piggy bank. As soon as we’re done, no matter how much of my husband’s change I’ve stolen borrowed given him to fill his bank, he looks at me and says, “I need more money.” Don’t we all baby boy, don’t we all.
11 Comments on Count Your Coins
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Yes, yes – don’t we all…
That’s good that you’ve started talking to your kid about money. I haven’t done a great job with that. Like most things, it’s never too early to start.
I decided long ago that I would adopt the Huxtable-philosophy when it comes to money and parenthood. I will make it clear to my kids that I am letting them stay with us for free. That they don’t own anything in my house unless they paid for it with their own money. That they will work to get what they want (be it chores, yardwork, etc.).
I ask my three-year-old daughter all the time if she has “money to pay for that?” Just to let her know that it takes money to get the things we want…
And I really think she’s understanding it. But we still have a long way to go…
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From a very young age, I’ve always told Pookah: wait, we have to pay for it before we take it home. Now, he doesn’t know what pay for it means exactly. But he does know that we have to give it to the lady with the scanner before we leave the store! And he will ask me to do it!!
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As parents, I guess we are duty-bound to explain to our kids the mechanics of money. It’s good that you’re taking baby steps in that direction.
Wouldn’t it be wonderful if we did have a piggy bank that was just magically filled :). We started a Family Economy system with our kids- they have jobs and responsibilities because they are part of the family- but if they do them without whining or needing to be asked a million times then they get paid. Then that leads to being able to talk with them and work with them on saving money for what they really want.
But yes, a never ending teaching process.
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Probably, your son will just change when he grows up. However, it is better to teach our kids about how to value coins.
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I agree with you. When kids grow up, they would change and value money already. It depends on how parents teach them about valuing money.
Britanny Ford recently posted…Understanding your food cravings
I’m SO glad Jas gets the concept of “we have to pay for it 1st” lol. She’ll ask if she can have something and i’ll let her carry it to the register. Then she’ll proclaim, ” Mommy we have to pay for it!” and toss it on the counter. its awesome and we’ve had not a one meltdown! lol
“I need more money.” HAHA… How cute! I had to start asking Aiden if he had money whenever we went to Target or some other store because he’d ALWAYS pick up something and want ME to buy it for him. He now has a piggy bank so that he can save money. Baby steps…
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He’ll probably say that for the rest of his life!
Liz @ A Nut in a Nutshell recently posted…I Spy Nature – WW
It is better to teach our kids the value of money most especially coins. Most kids really don’t want to use coins and they think it is not a money. In fact, they don’t want to have coins on their hands and this point of view of our kids is not really good. We must need to teach them value even a single coin.
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As mom, it is our responsibility to teach our kids to value money even though they are coins. We must teach our kids that even single penny can get bigger until we save it. It is important that our kids must love money even coins.
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