How do you handle money matters with your kids?
Do you do an allowance? Do they have to do special jobs to earn money? How do
you handle the fury when you tell them "no, you can't have that toy"
and you have to drag them out of the store kicking and screaming? How do you
ever build up the courage to go out in public where there might possibly be an
item for sale that they want and you don't want to buy it?
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We have always been very open about our finances with our kids. We have told them about our budget, and have explained that we only have so much money for certain things. I also remind them a lot that if we buy all the little things that they want, we won't have enough money to do our big trip to Disneyland.
ReplyDeleteI like Michelle's response. I think being open is important. I usually tell Porter we'll put it on his birthday list. That list is pretty dang long now...
ReplyDeleteAnother time we made a chore chart for Porter. We told him that if he did all his chores for a week we'd let him get the Dusty airplane toy he'd been begging to have for weeks. That worked pretty well. I liked the idea of him working for a toy so he could start to learn the value of money and how it takes work to earn it. (He probably didn't take THAT much away from the lesson, being only 2, but hey, little steps.)