Archives for Money conversations

Money conversation: the costs of a car

Cars … they sure are convenient. It gets us to places we want to go without us breaking a sweat. But do we know how much it costs to keep a car running? Have we explained these costs to our children? I asked my daughter if she would like to go to the library with me. “Are we going to Library A or Library B?” she asks. I had been stuck in the office the whole day and the sun was still shining.
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Money conversation: paying for lost property

Lost property is the bane of our children’s things. Most children these days have way too much stuff.  The problem with having so much stuff is that there is less space for the important stuff.  So the important stuff gets misplaced. Despite our best attempts, I still think my children have too much stuff – at least compared to when I was a child.  I have, at various times, purged their belongings but they seem to multiply faster than I can purge.
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Money Conversation: cost of breakfast

https://www.facebook.com/KidsMoneyHabits/ Twitter Breakfast is the first meal of the day. I also used it as the first meal to explain to the children the real costs of eating out. Today, breakfast was the conversation starter. We had a delicious breakfast today, cooked by yours truly. On the smorgasboard were: seasonal fruits (apples, mandarins, bananas) Bacon and sausages Pancakes Tomatoes Avocado smoothie Coffee, tea and milk Breakfast took less than 1 hour to prepare and serve. As we all sat down
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Money conversation: buying a smoothie

I had promised each of my children I would take them to the new yoghurt store around the corner. DS1 and DS2 went two weeks ago, but DD was busy that day, so she didn’t come. So the other day after a game, I brought DD to the yoghurt store. DS2 wanted to come too, but I reminded him this trip was really just for DD to try the yoghurt because she didn’t come with us last time. He said he wanted to come for
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Money conversation: profit from division

In an earlier post, I wrote about an experiment I carried out during a recent family holiday. Whilst the experiment didn’t give the result I was hoping for, there was a money lesson in it for my children. My eight-year old wanted chewing gum.  This is not something I approve of, but he got me on a technicality that this is not junk food. He had enough ‘good behaviour’ money to buy a small packet for $2 or a big pack
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