We all try to teach our children the value of money - it is how you do it that sometimes have me a bit confused. Explaining economic principles is tough thinking. So the Princess has slowly now started to learn about money and the value thereof. Firstly with he tooth fairy money of which she has saved half in her little money box. And this year we let her use her birthday money - in the past, we just left it in her little savings account. On Saturday she spent it - and up to the last R15. 3 Months after her birthday! So much pondering.
Twice before have we looked at toys in shops, twice before she could not make a decision. When she brought up the subject on Friday and Saturday morning, I decided to take the boys' nap time as a chance to take her to Toys R Us. I was sure the selection there was big enough to make a final decision. On our way there she talked of buying the newest Barbie DVD and putting the rest away for later, but once we got there her choice fell on a Barbie with stuff that you can spray onto her dress. Then I reminded her that she already has 3 Barbies and that 3 is maybe enough.
She briefly looked at Barbie furniture and then said : "Mommy I actually know what I really want! Those little pets like A have". I knew immediately it was "LittleLest Pet shop" she was referring to and it is really expensive here. So off we went to the relevant shelves and yes, her money could not stretch to the pet shop itself. and in keeping with the teaching on money and the value thereof I was not about to add some. So she got the "get well centre" and asked me if it was the vet's office. She was delighted that she did indeed have enough money to buy it and said;" Mommy you know I want to be a vet, so it is better that I can rather buy this one" Then she asked me if she has money left and I showed her that she had R60 left. She asked if there was anything else in LittleLest Pet shop range that she could add and yes she could add 2 single pets which she chose with great care. Since then she has spent hour with her pets and we will do the online part soon. Another great bit about this is that there are many smaller sets and add -ons - great future gift ideas. And great for rewards too as the single pets are between R20 - R25 at Toy sR Us (why are they R60 at CNA I wonder?)
So tell me mothers of older children, when does one start with pocket money and how much?