Making (kid) sense of dollars and cents
Money matters highlighted many family conversations this weekend.
The older kids are discovering that money is needed to buy things, like a Lego set or a new dress.
I’m trying to make them realize it’s also needed to pay for food, the car, gas, the house, even their after-school care.
In our house, the kids have regular chores they’re expected to do to help us out: dishes, laundry, putting clothes away, cleaning the bathrooms, helping with their baby sister, keeping their rooms clean.
But now and then we have “extra” chores that can be done to earn money. After trying to keep a chart of this, I decided it best to just announce these options and pay them at that time they’re done.
Last weekend, they earned funds for spending two hours outside in the backyard cleaning. This past weekend, I offered them a chance to earn money if they helped clean out an especially stacked-up and messy walk-in closet that needed organized.
I thought these ideas were working. They ask for something, I remind them they have their own money.
But Sunday, my daughter accused me of “not sharing” money with her.
I explained (again) that I gave her money for doing extra chores and that that money came from me (and daddy) working.
I think I may have to go back to a chart – one that shows them visually how money gets in (and out) of the house.
Is 6 too young for a bank account?