Comments on: How I Taught My Preschooler the Value of a Dollar http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/ Saving money and getting out of debt from a Christian SAHM perspective Wed, 17 Mar 2010 19:09:59 -0700 http://wordpress.org/?v=abc hourly 1 By: Saartje http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/comment-page-2/#comment-22932 Saartje Fri, 05 Mar 2010 18:38:00 +0000 http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/#comment-22932 While I think this is a better idea than just giving kids stuff when they throw a big enough tantrum, I find a car a week a lot of toys a year! What do you give your boy when it's his birthday, or Christmas? We have charts for my two children, ages 3 and 2, for trying everything on their plates, tidying their toys, helping to clear the table, getting undressed by himself (for the 3 year old), going on the potty (for the 2 year old) and sharing and playing nice (a star which is always awarded to both kids at once. They are proud just to earn a star on the chart (a simple drawing, done by me or my husband in the color of their choice), and when they earn 6 stars for one item they both earn a page cut out of a coloring book, which probably costs about one cent. So it's not about value in money, because I feel you can't put a price on good behavior, it's more about noticing each other's good actions and letting them know you appreciate them. And the charts are not very rigid, they're more like a game of 'paying compliments' when we feel like it, so sometimes we go weeks without adding stars, even when the kids are good, and then they feel like earning some stars so they remind us to draw one after they've cleaned up their mess. My point: good behavior and appreciation for each other within the family can't be measured in money. My second point: give a car as a birthday present, not as a reward, it's too much. While I think this is a better idea than just giving kids stuff when they throw a big enough tantrum, I find a car a week a lot of toys a year! What do you give your boy when it’s his birthday, or Christmas?
We have charts for my two children, ages 3 and 2, for trying everything on their plates, tidying their toys, helping to clear the table, getting undressed by himself (for the 3 year old), going on the potty (for the 2 year old) and sharing and playing nice (a star which is always awarded to both kids at once. They are proud just to earn a star on the chart (a simple drawing, done by me or my husband in the color of their choice), and when they earn 6 stars for one item they both earn a page cut out of a coloring book, which probably costs about one cent. So it’s not about value in money, because I feel you can’t put a price on good behavior, it’s more about noticing each other’s good actions and letting them know you appreciate them. And the charts are not very rigid, they’re more like a game of ‘paying compliments’ when we feel like it, so sometimes we go weeks without adding stars, even when the kids are good, and then they feel like earning some stars so they remind us to draw one after they’ve cleaned up their mess.

My point: good behavior and appreciation for each other within the family can’t be measured in money.

My second point: give a car as a birthday present, not as a reward, it’s too much.

]]> By: Kids and Money: Tackling the Various Issues http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/comment-page-2/#comment-21244 Kids and Money: Tackling the Various Issues Thu, 17 Dec 2009 22:22:36 +0000 http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/#comment-21244 [...] a great idea to have them take on part-time jobs. This will give them a clear understanding of the value of a dollar. As they save for long-term goals such as a first car or a college education, you can teach them [...] [...] a great idea to have them take on part-time jobs. This will give them a clear understanding of the value of a dollar. As they save for long-term goals such as a first car or a college education, you can teach them [...]

]]> By: GITA http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/comment-page-2/#comment-14197 GITA Wed, 21 Jan 2009 13:34:06 +0000 http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/#comment-14197 I'm trying something similar with my 4 year old. He has got a piggy bank and he keeps asking for more money and cries when we dont give it to him. I’m trying something similar with my 4 year old. He has got a piggy bank and he keeps asking for more money and cries when we dont give it to him.

]]> By: parker's mom http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/comment-page-2/#comment-13914 parker's mom Mon, 05 Jan 2009 17:28:08 +0000 http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/#comment-13914 I bought my 8 year old some "designer" cash envelopes from www.crunchycute.com and taught her how to budget her allowance. She has several categories in her budget system: tithing, saving, spending... She now knows that money doesn't grow on trees! I bought my 8 year old some “designer” cash envelopes from http://www.crunchycute.com and taught her how to budget her allowance. She has several categories in her budget system: tithing, saving, spending…
She now knows that money doesn’t grow on trees!

]]> By: Mommie http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/comment-page-2/#comment-13541 Mommie Wed, 17 Dec 2008 04:27:56 +0000 http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/#comment-13541 Great idea. I seem to have an issue with my first grader on this now. She was great as a preschooler, but somehow it must have faded... Mommie http://www.mommieshome.net Great idea. I seem to have an issue with my first grader on this now. She was great as a preschooler, but somehow it must have faded…

Mommie
http://www.mommieshome.net

]]> By: Women of personal finance spotlight: Lynnae from Being Frugal here to answer your questions http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/comment-page-2/#comment-11683 Women of personal finance spotlight: Lynnae from Being Frugal here to answer your questions Tue, 30 Sep 2008 05:38:49 +0000 http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/#comment-11683 [...] H&#111w I taught my p&#114esch&#111&#111le&#114 the &#118alue &#111&#102 a d&#111lla&#114 [...] [...] H&#111w I taught my p&#114esch&#111&#111le&#114 the &#118alue &#111&#102 a d&#111lla&#114 [...]

]]> By: Do Your Kids A Favor By Saying No | Remodeling This Life http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/comment-page-2/#comment-8692 Do Your Kids A Favor By Saying No | Remodeling This Life Fri, 30 May 2008 09:06:11 +0000 http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/#comment-8692 [...] How I Taught My Preschooler The Value Of A Dollar at Being Frugal Teaching Preschoolers About Money and Formulating An Allowance Plan For Our Almost Four Year Old at Paid Twice Life Is One Big Chore at This Wasn’t In The Plan Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages. [...] [...] How I Taught My Preschooler The Value Of A Dollar at Being Frugal Teaching Preschoolers About Money and Formulating An Allowance Plan For Our Almost Four Year Old at Paid Twice Life Is One Big Chore at This Wasn’t In The Plan Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages. [...]

]]> By: Emma http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/comment-page-2/#comment-7560 Emma Sat, 19 Apr 2008 05:06:54 +0000 http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/#comment-7560 When I was about 7 or 8, my parents started offering me a dollar for every book that I read. I highly recommend doing this for any reluctant readers. At first, I just wanted the money, but I quickly fell in love with the books. Now, I am an avid reader! Also, my parents opened a bank account for me when I was pretty young (13?). Although I didn't have any money in it - probably less than 100 - it allowed me to learn how to budget my money, read a bank statement, balance a checkbook, etc. at a young age, making me more responsible about money now that I am in my 20s. When I was about 7 or 8, my parents started offering me a dollar for every book that I read. I highly recommend doing this for any reluctant readers. At first, I just wanted the money, but I quickly fell in love with the books. Now, I am an avid reader!
Also, my parents opened a bank account for me when I was pretty young (13?). Although I didn’t have any money in it – probably less than 100 – it allowed me to learn how to budget my money, read a bank statement, balance a checkbook, etc. at a young age, making me more responsible about money now that I am in my 20s.

]]> By: Tammara http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/comment-page-2/#comment-7546 Tammara Sat, 19 Apr 2008 01:11:21 +0000 http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/#comment-7546 Wonderful story! In the future, your son will be far ahead most other children when it comes to understanding the concept of working for money and the final rewards of doing so. Hopefully many parents will read your article here and get their kids motivated in the right direction too. :) Wonderful story! In the future, your son will be far ahead most other children when it comes to understanding the concept of working for money and the final rewards of doing so. Hopefully many parents will read your article here and get their kids motivated in the right direction too. :)

]]> By: Friday Roundup | Getting A Life http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/comment-page-2/#comment-7299 Friday Roundup | Getting A Life Sat, 12 Apr 2008 04:00:55 +0000 http://beingfrugal.net/2008/01/10/how-i-taught-my-preschooler-the-value-of-a-dollar/#comment-7299 [...] but goodie from Being Frugal: How I taught my preschooler the value of a dollar. (She, not I. I’m just quoting her post title. But I sure will be keeping this in mind for [...] [...] but goodie from Being Frugal: How I taught my preschooler the value of a dollar. (She, not I. I’m just quoting her post title. But I sure will be keeping this in mind for [...]

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