Inspired by this post by Indu
R is my only child. And she is 5.5 years. Like any 5 year old, she wants a lot of things. Chocolates, biscuits, juice, chips, games, dolls, and what not. And as parents, RD and I try to think we should satisfy every small wish of hers. Or not.
When R was younger, we used to take her with us to do the grocery shopping. but it was easier then, because she wasn’t exposed to too many products and stuff. But as she started growing older, she started asking for a lot of things. Every time we would go to the supermarket, we would return with some biscuits for her, or chips and stuff. I must admit, she never demanded too much, but when she demanded, RD would usually give in.
Until, one day, I realised, it was getting too much. I started telling her about how Amma and Appa are working all day for money, and getting everything is not really feasible and stuff in those lines.
Here are few things, which RD and I follow to help the brat learn the importance of money
1. Tell her the truth about money. We tell her honestly that we work hard to get the money by going to office, working there on the computer and stuff.
2. Teach her that ATM is not the money machine. We tell her that our boss puts money into the salary account of ours which we then take out from ATM
3. Show her the price tags of several goods now that she knows a bit about numbers and knows that 100 is more than 10. So I keep showing her the cost of various things and she realises that it costs money
4. Be absolutely honest with her when I can’t afford something she wants. A child in her daycare used to get Ipad (he was stopped after a couple of days thankfully!) and she asked us for one. I told her honestly that we cant afford an Ipad because it’s very expensive and Amma Appa don’t have so much money
5. Teach her that having less money doesn’t make us lesser people. Some are rich and some aren’t. That doesn’t make her a lesser person.
6. Also, we don’t take her to the supermarket very often. RD goes and does the monthly shopping by himself while she stays at home with me. One it helps to curb her temptations and two with the kind of crowd in the supermarket, her asthma could flare up, which is kept under control
7. Also books like this help in teaching children the value of money.
This is how we teach the brat about money…how about you?
Cross posted here
Also read about women I admire as a part of the Women’s Day celebration on IMC