Mar
04
Money-Wise Kids
Filed Under (Dealing with Difficult Questions, Raising the Child) by Footyman on 04-03-2010
My wife was talking to her sister recently about her 8-year-old daughter, Jeanette and her experiences in primary school.
One of the topic they touched on was money management.
It was recounted that my sister-in-law was trying to teach Jeanette how to count her money and get her change back after paying for food during recess breaks. To which Jeanette confidently replied, “no need Mama, it is very easy!”
My sister-in-law was probably pleasantly surprised until she continued,”…. just let them count and return you the money!“
Any better advice?!
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Ya, once as I went to pick up my son from school, I saw my son buying guava. He just held out his hand for the guy to count the money needed to pay. Hahahah.
Anyway, I did some role play at home with them using real money. Also have to teach them basic concepts like RM1 = 100sen. Then do lots of subtraction questions.
We (I)give our children everything, they just have to ask and they get it or will eventually get it. Most of the time it is our guilty conscience we are satisfying. So if in the process we would teach them the value of things by letting them pay and count the change the change back, we as parent would have help them to not be short changed in life…