Our daughter will be 3 in April and lately we've been discussing ways to teach her the value of money. We want her to realize food, toys, and basically everything we have, gets paid for with hard earned and saved money. We've come up with several ideas, but one that seemed to work quite well for her was actually giving her a dollar and having her spend it.
I went with my sister-in-law to a craft store and gave Victoria a dollar (4 quarters) and told her she could spend it any way she wanted to. She was beyond excited and it didn't take long for her to decide she wanted a container to hold her treasure box coins.
We searched and searched until she felt like she found the perfect container (a little more than a dollar. I didn't mind helping out a little, especially since it was so cute!). When we got to the check-out and I told her to put her dollar on the counter to pay for her container she started crying. She told me the dollar was hers and she wanted to keep it. Which was great because then we got to talk about how she could either keep the dollar or get the container, she couldn't do both. After a few more tears she finally decided to get the container.
The rest of the day she would ask if we had bought certain things throughout the house. At the dinner table she said, "So... all of those things we get at Ikea we have to pay money for!" (I told you we love Ikea at our house). Long story short - I think she understands more than ever why we don't just go out and buy a new toy when one gets broken.
I went with my sister-in-law to a craft store and gave Victoria a dollar (4 quarters) and told her she could spend it any way she wanted to. She was beyond excited and it didn't take long for her to decide she wanted a container to hold her treasure box coins.
We searched and searched until she felt like she found the perfect container (a little more than a dollar. I didn't mind helping out a little, especially since it was so cute!). When we got to the check-out and I told her to put her dollar on the counter to pay for her container she started crying. She told me the dollar was hers and she wanted to keep it. Which was great because then we got to talk about how she could either keep the dollar or get the container, she couldn't do both. After a few more tears she finally decided to get the container.
The rest of the day she would ask if we had bought certain things throughout the house. At the dinner table she said, "So... all of those things we get at Ikea we have to pay money for!" (I told you we love Ikea at our house). Long story short - I think she understands more than ever why we don't just go out and buy a new toy when one gets broken.
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