Have you started teaching your little ones about money?
I couldn’t resist telling you a cute little story
This actually happened about 6 months ago. But while I was looking through my content I saw that this one hadn’t ever posted, so I decided to post it today!
Normally when running errands I try to get them done during the day before the kids get out of school, and cringe during the summer. I do this for a couple of reasons, one being that they always want me to buy them “something” so it cuts down on expenses & the constant “no you can’t get that” when I can go by myself.
But this particular day I needed to get something in the mail before the cutoff time, which was 5PM. So as soon as I picked up my 7 year old from school we headed straight to a pack & mail place. While the clerk was getting my packages ready my youngest brought me something that he wanted, yes of course he wanted me to buy him something! I wasn’t shocked, either.
This is the conversation:
D – Will you buy this for me?
Me – Did you bring your money?
D – No, but I have money at home. I’ll pay you back when we get home. Please?
Me – How much it is?
D – It’s just $5
I’m thinking to myself “Yes, it’s “just” $5 and every dollar adds up over time. I’m sure you’ve thought that to yourself before, right?
Me – You have a $5 bill at home?
D – Yes
Me – Ok, I will buy it for you, but you need to pay me $5 when we get home.
We are trying to teach them the concept of money and saving. It can certainly be challenging at times.
Well, then I remembered that he had swim lessons. So we rush home so that he can change clothes. Since we were in a hurry neither one of us was worried about the $5.
On the way home from swim lessons he asked if we could stop by the store so that he could buy a toy. I reminded him that he had just bought something and owed me $5.
Me – Don’t you remember that I bought something for you before swim lessons and you owe me $5 for it?
D – Yes, I remember! But it’s only worth $1 to me, so I’m just going to give you a $1 not $5, because that’s what it is worth to me.
Yep, our teaching him the concept of money and saving is going to take a little longer. But we sure got a chuckle out of his reasoning.
Kids are so funny! It was funny that since it was his money he didn’t think it was worth $5, but it sure was if it was mommy’s money.
I would love to hear a funny money story about your little one.