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If only!...

Forums Home > Main Topics > Teaching Children Money Habits for Life
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vette
 15 Jun 2007, 10:52 #138 Reply To Post
Forum Member

Total Posts: 3
Joined: 15 Jun 07
Member #80

Hi Guys, there are some really good ideas on here, I just wish that I could get my kids to grasp the concept that money is money is money... I guess I should explain... Here's an example, my 15 y/o daughter has NO money sense what so ever! She has a holiday of a life-time coming up in December which will be her 16th birthday present & xmas present from myself and my exhusband. She KNOWS that she must save for spends as we can't afford that too, but she can't seem to grasp that ALL money is the same, when my step-dad gave her £2 the other day, she went straight to the shop & bought chocolate. When "challenged" about this, she said "but that was money for sweets, not for saving" she has Aspergers Syndrome and categorises everything, therefore there are different "lots" of money, and she just doesn't "get it" that it ALL needs to be saved! The worst bit is this is a REALLY intelligent kid, at age 13 her IQ was 136!!! :-O

Ah well, the joys of parenting! lol

vette
wishwanto
 17 Jun 2007, 21:18 #184 Reply To Post
Forum Member

Total Posts: 3
Joined: 17 Jun 07
Member #95

I know its really hard for kids to understand about this saving idea but if they really want a expensive toy I say you have to save some of your pocket money otherwise you wont have enough I think they only relise this when they are older and have to earn the money themselves.
mum_of_one
 20 Jun 2007, 18:37 #213 Reply To Post
Forum Member

Total Posts: 4
Joined: 20 Jun 07
Member #107

i agree with last post .. i my self didnt appreciate money till i left home and had to work to get wot i had .. only then did i realise the value of money and now im a mum i am determined to get that into my son rfom as soon as so his not like i was at 17 yrs
Joanne Philbin
 04 Jul 2007, 18:41 #271 Reply To Post
Forum Member

Total Posts: 4
Joined: 04 Jul 07
Member #131

Hi

I remember all my birthday and christmas money was saved in my "Post Office Book" - I had no choice but was not particularly bothered as I had a happy home and wasn't particularly interested in material things. (except sweet smelling rubbers and cute sharpners to swap at play time lol!)

And, when my clothese were too small and the hand-me-downs were not forthcoming - my Mum used to withdraw money from my "Post Office Book" and we would make the necessary purchases.

When I was 18 I still had over £1000 in the account which was great start for the student days.

I save the same way with my eldest daughter - too many people (my partner included) think any money received needs to be spent on "something/anything" immediately - or they don't feel the benefit of the money received.

I much prefer the benefit of saving for that expensive item I couldn't afford or just for the rainy day that will come when the washer breaks down or exhaust falls off!

Nearly all kids have too many clothes and toys. Ask relations to give cheque/postal orders on birthday/Xmas - so they can go straight into the childs account - this will reduce the temptaion to spend, spend, spend!

Jo x
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