Monthly Archives August 2017

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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Natural saver and natural spender: teaching generosity

In an earlier post I wrote about a person’s natural tendencies. This was based on Gretchen Rubin’s audiobook Better Than Before: Mastering the Habits of Our Everyday Lives. Another concept that Gretchen discusses is recognising whether a person as an over-spender or an under-spender.  These concepts are more relevant to adults because we have the money to spend, whereas young children ought to have rules about spending money.  Nevertheless, it got me thinking about whether each of my children is a
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Chores: to pay or not to pay our children

Regardless of your decision to give your children pocket money or not, another vexed question many parents face is whether to pay their children for household chores. Let me make this clear. I’m not referring to pocket money that is tied to household chores. I’m referring to paying children to complete household chores, irrespective of whether they also get pocket money. Pocket money vs paying for chores We must clearly distinguish ‘pocket money’ from ‘paying for chores’. For me, pocket
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