My child. She is the love of my life, one of 3 reasons I get up in the morning and one of my favorite people on this planet. She is also only 7 and as a 7 year old, she’s of the opinion that money must grow on trees and Mom and Dad always have extra to spare. You have kids. You know what I’m talking about.
Last night, we all ended up in a conversation where the Monkey basically informed us that since I work, I have money all of the time. Nope. Sorry kid. If wishes were dollars maybe. It all started with poser bacon. You know what I mean..turkey bacon. She had laid out a package without telling anyone and then walked away. Her theory was that since I had 1. bought it on sale and 2. used a coupon with the sale (.74 each after coupon and sale) that it wasn’t a big deal. Our issue, as parents, was that it may only be .74 but a .74 waste over time really adds up. No matter how hard we tried though we couldn’t get this very simple concept through her head. (Yes, I realize, she’s 7..but she can do simple math, it shouldn’t have been this hard).
So that lead to today.
My child, will now pay for the use of everything in my home. As soon as she walks in the door from school, she will sign a lease. Yes, an honest to God lease. That’s it up there…pretty ain’t it. On said lease is a price list of what each and every action will cost her. Breakfast, lunch and dinner? $1.00 each for the first serving, .50 each for additional servings. She needs to potty? That’s another .25 each time plus a .10 tp surcharge per day. I have to do her chores (load dishwasher, wipe counters and clean litterbox) and that’ll cost her anywhere from $1.00 to $5.00 for the labor costs…and on it goes. Wants to use the pc? .75 an hour. Rent? $10.00 a week.
She has a $50.00 budget to start with for the week. I will be handing her an envelope with “$50.00” in it. No, I’m not 100% certified so I’m not actually handing my 7 year old $50 in cash, it’s play money, but it’ll get the point across. She has an assortment of “bills” from .50 to $10.00. Once her “money” is gone? That’s it.
She also has a credit line of $10.00 for the week. Why? Because I want her to understand what happens when you borrow and can’t pay it back. In order to pay back her credit, she will get a “job” here at home and work until her credit is paid off.
Why am I doing this? Because my normally very intelligent 7 year old doesn’t understand that in today’s world, everything costs. Even a free coupon deal costs money in time and transportation costs. By the end of this week? She will understand and hopefully this is a lesson she will never have to be taught again…and she’ll finally know that money doesn’t grow on trees.
Disclaimer: I am a mother first and foremost. No, my child will not be neglected or not taken care of because she does not have the money to pay. She will be fed, cleaned, etc no matter if she has the play bills or not. SHE is just under the impression she will not. She needs to think that way. If she doesn’t, she won’t learn a thing.
Click here to learn how you can create a money making blog too!
Tired and feeling like there is more to life? Premium nutrition is your answer! Thrive with me! Click here to read my 8 week Thrive experience review!
Latest posts by Stacy Barr (see all)
- Simple Homemade BBQ Sauce Recipe - October 21, 2016
- Essential Oil Gift Ideas – 12 Essential Oil Gifts for the Essential Oil Lover on Your List - October 20, 2016
- Free Printables – Thanksgiving Menu Planner - October 20, 2016