Friday, March 1, 2013

Continued Money Lessons of a 5 Year Old: Part I

My 5 year old son never ceases to amaze me. In the short time we have been actively implementing Financial Education with him, he has grown to be such a money wise young man.

The other week my co-worker gave me $5.00 to give to him to get a Jamba Juice. So that evening during dinner I told him, Aunty gave you $5.00 and before I could even say "for a Jamba Juice" he said "Now I can get my Ninjago game!" because he knew he was about $5.00 short of his goal to be able to buy it. So last week, I took him to Toys R Us to get his toy. I made him stand in line and hand the cashier his money, he even was very adamant about her not putting it in a plastic bag. (I guess he pays attention to me when we go to the store, because I try to avoid plastic bags as much as possible). I then made sure he got his change and receipt. When we got back to the car, we went over the receipt. He wasnʻt very interested in learning how to read a receipt, but I wanted to make sure that he knew why he got a receipt and what kind of information was on it.



While at the store, the family that was in front of Ku had a young girl probably around 4 or 5 years old with a couple of toys on the counter. The cashier told the family their total and the mom turned to the little girl and said ok, open your wallet and give the lady your money. She opened her wallet and stared at her mom because it was stuffed with bills and coins. So the mom helped her count it out to make sure she had enough to cover the total. The cashier was very patient during this process and the mother turned to me and apologized for making us wait. I told her that it was fine and that I was glad to see another parent teaching her child about spending money.

When we were done with our transaction, I overheard the cashier say to her co-worker, wow these kids have a lot of money nowadays. I walked out of that store happy, knowing that other parents are being proactive in teaching their children about money. I also walked out happy because my son reached his savings goal and was able to purchase his toy with him own money.


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