Archives for Spending

Despite best-laid plans

Sometimes the best-laid plans will fail and it’s okay. I will always choose for my children to have a childhood over insisting on teaching them a money lesson. Financial literacy is not a race. It is a journey of lifetime learning. There is not a test that I or my children have to pass. As long as I constantly expose my children to money lessons, I know I don’t need to follow any rigid plans. In fact, sometimes it’s okay to
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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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Who pays for junk food?

In many households today, children are consuming way too much junk food.  As parents, we know it’s not a good idea to spend money on junk food – after all, we have worked hard for our money.  But when the kids ask us for convenient junk, their unrelenting pester power wears us down and we eventually give in with a sigh “Yes, that’s fine.” Money as a valuable commodity Teaching kids good money habits involve teaching kids the value of money.
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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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