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Kids Kept Asking for Money

post #1 of 15
Thread Starter 

We belong to a local pool.  Except when the kids are at summer camp, we tend to go to the pool almost every day.  Once we get there, the kids were begging for money at every swim break.  I certainly didn't want to waste money this way.  Most of the snacks are in the one dollar price range.  So starting last year,  what I did was tell the kids that they could have $2 per week.  Then they could choose how to spend it.  They could spend it at the snack bar in any way they chose during the week.  Or they could pack their own snacks and keep the $2 for their savings.  It has been very interesting.  They both started out the first week by spending their $2 on the first day for an ice cream.  Then they had nothing left for the rest of the week.  The second week they broke the money up and bought two snacks on two different days.  Then by the third week, one of them packed snacks every day and the other one bought a treat one day.  This year, they have only bought snacks once or twice the whole summer.  I always bring a long a bag with waters and pretzels and/or fruit because I don't want them to go hungry.  But the budgeting they are learning from this has been wonderful.  They are setting their own priorities and spending according to what they decide is important.  Plus, it has completely eliminated them bugging me for money every time we are at the pool.  I am thinking that I can probably extend this strategy to other areas of our life.

post #2 of 15

That is a wonderful idea!! They will have more respect and understanding for how far a dollar goes now!!

post #3 of 15

That is a great idea--sort of like an allowance but with a specific intention.  My kids just always knew we brought our snacks to the pool.  My standard line was "we can't afford to pay those prices."   (I know that isn't the right thing to do, but it worked for me.

post #4 of 15

What a great tip! Not only are you saving money, you're teaching your kids an important principle.

 

My kids are a little young for that still, but I did basically the same thing with M using "stroller turns".  She gets two turns, and if she takes the first two, she has to walk the rest of the day. She's learned to save at least one of them up for when she gets really tired.

post #5 of 15

Smart thinking on your part.

post #6 of 15
Thread Starter 

Thanks!  It worked so well for us that two of my friends started doing the same thing at the pool with their kids.  That makes it even easier because my kids' friends have the same snack budget.  They even talk about when and how they are going to spend their snack money or if they plan to save it.  I am hoping to extend this to clothing at some point in the near future.  I am just trying to figure out a reasonable budget for that.

post #7 of 15
Quote:
Originally Posted by Diane View Post

That is a great idea--sort of like an allowance but with a specific intention.  My kids just always knew we brought our snacks to the pool.  My standard line was "we can't afford to pay those prices."   (I know that isn't the right thing to do, but it worked for me.

Why not? I don't see anything wrong with that so I'm curious as to the reasoning behind it.

post #8 of 15
Quote:
Originally Posted by Karen1985 View Post

Why not? I don't see anything wrong with that so I'm curious as to the reasoning behind it.


Alot of people agree on this board that we shouldn't tell our children 'We can't afford that...' because it might give them anxieity about money. 

 

My kids just know I'm cheap and its not that we can't afford it (well most of the time I can't)  I just find the prices ridiculous and a waste of my money.

post #9 of 15
Quote:
Originally Posted by Karen1985 View Post

Why not? I don't see anything wrong with that so I'm curious as to the reasoning behind it.

 

What Missy said and after saying this so many times to my dds, I got myself in an embarrassing situation.  The neighbor asked us if we wanted to go to Burger King with them for lunch and J says, "No, Mom says we can't afford that."  I nearly died right there.

post #10 of 15
Quote:
Originally Posted by Diane View Post

 

What Missy said and after saying this so many times to my dds, I got myself in an embarrassing situation.  The neighbor asked us if we wanted to go to Burger King with them for lunch and J says, "No, Mom says we can't afford that."  I nearly died right there.


That sounds like something one of mine would say! Hahaha!

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