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Kids and Money

Links, Thoughts, and Open Thread
Posted by WhosPlayin on 2007/6/13 0:29:52 (1918 reads)

I just about had an aneurysm today when I heard what my kids did in summer camp. I won't mention any names here, since my kids know who they are. By the time they're old enough to read this, I suppose this post will be irrelevant.

Anyhow, this morning, my wife gives my 7 and 8 year old sons $20 each as payment for their allowances, having spent yesterday cleaning the house, and also as an advance for this week's work. I think she did this partly as a test. She told them to make it last all week.

Today when they came home, they bitched and moaned about how they *hated* the baseball game they were *forced* to go see in Frisco. They said it was "more boring than football".

My 7 year old has 4 dollars, and my 8 year old has 1 dollar left. What do they have to show for it? Well, not a good time. Not much of anything.

They both bought foam fingers with their money. Knowing my sons, I ask them: "Are they torn up yet?". "Yes," was the answer from the 7 year old. The 8 year old lost his, after it was torn up. Great.

And here's another good one: We put their asthma inhalers in their bag - with the understanding that the camp staff would keep them just in case one of our sons needed it. Nope, they gave it back to the older one, who put the inhalers in their lunch bag. End of lunch, he throws away the bag. So, it's going to be a couple of at least $10 co-pays for me, and the insurance company will pay the rest. I'm not even sure what the retail price of an albuterol inhaler is.

So, the problem is that my kids are irresponsible with money. They lose it, blow it on crap, and constantly lose and damage other things that cost me money.

Anyone have any ideas about how I could get my sons to understand the correlation between work and money, and also the correlation between damaging things, and how much work it takes to replace?

I've got them doing the laundry right now, but I really want to drive the point home. I want to do it in an instructive and non-humiliating way. If you have any ideas, please post them. I'd much appreciate it.

Thanks in advance, loyal readers.

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