Jump to content

DS "earning" money for toys
Any suggestions welcome


  • Please log in to reply
9 replies to this topic

#1 Unatheowl

Posted 17 November 2012 - 09:18 AM

Dh has decided that we need to teach ds the value of money.  I totally agree in principle.  Just not sure the best way to implement.

Dh wants to write a chart of the cost of all the toys that ds wants and when he saves up enough money to buy them he can or he can choose to save more and buy a more expensive one etec.  Great.  The thing I would like suggestions on is how exactly is ds to get this money?

I am a bit against chores for money because they are things he should be taught to do anyway.  Anyone have any suggestions?  How do you do it?  Is it appropriate to give money for chores?

Thanks for any suggestions

#2 PatG

Posted 17 November 2012 - 09:27 AM

Is it possible to have chores he is expected to do no matter what (and suffer consequences such as losing privileges if he doesn't) and then some new "jobs" that he gets paid for?  But he isn't able to be paid for the new jobs if he hasn't done the standard ones....  How old is he?  This is in the 3-5 years section and I think 5 is a little too young for teaching about money to that extent.

Possible "jobs" - helping with washing the car, folding family's clothes, weeding, sweeping outdoor areas.  You possibly don't want to attach too much money to any of these so maybe he could have pocket money and then the jobs get him and extra 50c/$1.

#3 Froger

Posted 17 November 2012 - 09:32 AM

I'm assuming your Ds is under 5? IMO there is no way an under 5 is going to understand the value of money whatever you do. The whole concept of money and placing a monetary value on things and on work is just too complicated.

There is also no way I would ever pay any of my kids for working around the house. You live in the house, you have to do work in and around the house. That is just the way it is.

I really hate toys though. I never buy my kids toys (apart from board games and decks of cards), I can't bear to waste money on what is essentially a heap of junk that is going to be broken before long. I have found and resuced all my children's toys that they have, apart from a few that have been bought for them by other people.

My kids spend alot of time making their own toys, and they actually do a fabulous job. The older ones makes really good things for the younger ones. Really good toys, armour and costumes for the little ones, using carboard boxes that other people were just going to throw out or old scraps of material, old pot lids and the like.

My younger teens also are friends with another no toy family. And they spend they time getting unwanted stuff from all over the place to make things, including a really fabulous tree house.

I personally that feel having to find and make your own toys is the best way to teach kids the value of "things". This may be a little hard for under 5s, but they can still just use stuff from around the house for imaginative play, rather than store bought toys.

#4 a letter to Elise.

Posted 20 November 2012 - 04:13 PM

DS (3 and 3 months) earns money to buy trains. He is expected to do certain household tasks like putting away his underpants and socks, tidying his toys and putting his plates and cups in the sink, so doesn't get anything for those. He has the choice to do other jobs to earn money. He has chosen the jobs, and he likes washing the dishes (especially the frying pan), dusting and wiping the benches. He gets around 50c per job, and he has his own purse that he puts it in, so it's ready for when we are at the shops.

There's no pressure on him to do it, it's only if he wants to.

It has come in useful for when we are shopping and he asks for things - I ask him if he has any money, and he has to buy it himself. The first couple of times, he got upset that he didn't have his coins anymore, and wanted me to go to the shops to get them back! He's learning though and now he knows once he spends his money, it's gone.

#5 ellebelle

Posted 20 November 2012 - 04:23 PM

We really need to know age of DS. For my DS, I have made him sell toys on Ebay for the last couple of years. He is now 8. It has been amazing though how once the money is given to him, he's not so keen on spending on said new toy. Basically, with birthday in July and Xmas in December, he gets enough presents not to want to buy too much else in between. Over the last six months, he has also been rational enough that I can say x cost $30 new and we got $10 on Ebay for it and he is coming to grips with depreciation!

I remember we had to save for toys from when we were 5. We used to get 50c a week to wash dishes and then every now and then our grandparents would slip us some coins as well. Kids has a LOT less toys when I was young though.

#6 ellebelle

Posted 20 November 2012 - 04:33 PM

Sorry - have just noticed forum is 3-5. Not meaning to sound judgemental but does he have lots of toys anyway? When my son was that bit younger I just said no an awful lot. He was thankfully also quite entertained by Happy Meal toys during those years! As per my prior post, now that he has got money he's really not that keen to spend it!

#7 Unatheowl

Posted 20 November 2012 - 04:38 PM

Hi, thank you all for your replies.  He is 4.5 years old.  I'm inclined to agree with those who say he doesn't have any idea about money at this age however he needs to learn sometime.  imdot want him to becaomse one of those adults who still dont understand lol original.gif

Yes, he does have a lot of toys sad.gif. We are stopping that now, hence the buying them himself thing.  There are some good ideas here, thanks.

#8 g_uzica

Posted 21 November 2012 - 07:34 PM

DD just received this money box for her 4th birthday and grandma nicely donated some initial start up money. http://www.moneysavvykids.com.au/ordering.asp

We'll be using the money and supermarket catalogues, as dd is a lolly freak, to start learning about money and the cost of things.

In the new year she will also be receiving a token amount of pocket money each week that is not linked to chores that she can use, though she will have to save some of it each week.  DD's daycare also does a lot of money raising activities throughout the year, so she will be using her money next year for red nose day, etc also.

DD is not one who asks for things when we are out, as she prefers doing craft activities to actual toys, but we thought it's never to young to start learning about money and the cost of things.

Edited by g_uzica, 21 November 2012 - 07:38 PM.


#9 Mishu

Posted 21 November 2012 - 09:07 PM

DS (6 1/2) has only just now 'got' the concept of money; school has helped with that. We tried earlier, but it just didn't work for him - I think kids have to be old enough to understand the concept of the value of money. And I suspect anything under 5 might be too young. DS still struggles sometimes to understand that 2 x 10 cent coins is worth less than a 50c coin. He seems to get distracted by the number of coins rather than focusing on the total value lol.

For what it's worth, DS has a number of chores that he must do, as a member of this family (keep his room clean, put his pjs away, pick up his toys, etc). He also has a number of chores that he can choose to do (or choose not to do). If he does them, he earns his pocket money; if not, there's no pressure on him - but he doesn't get any pocket money. He sets the table for dinner every night, waters the indoor plants, helps take out the rubbish and feeds the chickens.

He's been motivated by certain toys and has been saving up for 3 or so weeks, and then can go and buy his own toy. I like the fact that he has started to save up for something he wants, rather than looking for instant gratification.

#10 MrsShine

Posted 21 November 2012 - 09:59 PM

Absolutely agree with Mishu.

When I was growing up, we were expected to make our beds, take turns drying and putting away dishes, setting table, bringing in washing etc. for no pay. It was just part of contributing to a household.

But if there was something I really wanted I had to do more: iron, wash the car, help weed garden etc. etc. but I was more like 8 yrs + and I got $1, $2, $5 pre-agreed depending on the task.

A friend buys her 10 yr old n 8 yr old DS's what they need: clothes, food, a certain amount of toys etc. but especially during school holidays she mAkes them use birthday money/pocket money to buy extras. She insists they take out $10-20 at the beginning of each holidays and when they are in a newsagency or supermarket and they say "can I have this ice cream, lollipop etc." she says "sure, if you pay from your own money" & she says its amazing how much they consider the purchase when it's their own stash!!!!




1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users

 

Tot meets his heroes, falls apart with excitement

Two-year-old Quincy finished his potty training last week, and as part of his reward he was able to meet his idols.

Beautiful in our eyes: Georgia's story

I will never deny the fact that grief has a place when you give birth to a child who brings a set of circumstances very different to what you imagined. Because for nine months, I thought I knew my Georgie.

'It's been phenomenal': widower dad of quads thankful for support

There was nothing Erica and Carlos wanted more than a baby.

Vin Diesel names daughter after actor Paul Walker

The actor said there was "no other person" he was thinking about when he chose the name.

How midwives can help women who experience domestic violence

More than half of women who live with abusive partners experience violence during pregnancy.

Mum describes giving birth during Cyclone Pam

A new mother was told she must flee Port Vila hospital with her baby as Cyclone Pam bore down.

6 signs you're done having babies

There were a few signs I'm never going back to the land of maternity jeans, breast pumps and bassinets.

Marta Dusseldorp reveals breastfeeding cost her an acting job

Australian actress Marta Dusseldorp has revealed she was forced to withdraw from a Sydney Theatre Company production because a director did not approve of her breast feeding.

Female celebs (or their babies) with traditionally male names

Looking for a name that's a little bit different for a girl? Turn to names that have been traditionally used for males, as these celebs (or their parents) did.

'If you're anti-immunisation ... take a look at this picture of my son'

Greg Hughes is "an absolute shell of a man" as he and his wife Catherine struggle to come to terms with the loss of their newborn son Riley to whooping cough.

How an extrovert can raise an introvert

Introverts are often misunderstood as shy, and sometimes even rude. A timid child can be difficult to build rapport with, but it's important we nurture their sensitive natures.

Sheryl Sandberg's advice

'Choreplay': Help out at home to get more sex, Sandberg tells men

Forget foreplay. The new and improved route to intercourse is "choreplay" - it's good for your spouse, good for your house, and comes with the imprimatur of feminist du jour Sheryl Sandberg.

How to play with your baby

The first time your child learns a new skill at playtime is very exciting - for both you and your baby! Play is important to your child's development for a variety of reasons - here are some simple ideas for you to try at home.

I'm a single mother by choice

For me, being the best mother I can be means being a mum alone, at least for now. Thinking of my friends with inadequate partners, I wonder why more people don’t choose single motherhood.

Awkward wedding photos

Weird poses, surprise photobombs, bizarre editing: these are the wedding photos that should have never seen the light of day.

Four-week-old baby Riley Hughes dies of whooping cough

The mother of a four-week-old Perth baby who died after contracting whooping cough says her family has been left devastated by the loss of her "gorgeous, sweet" son.

Win a Ben & Holly's Little Kingdom prize pack

To celebrate the April 1 release of Holly's Magic Wand on DVD and Digital, we are giving away five DVD packs featuring the newest installment of Ben & Holly's Little Kingdom Holly's Magic Wand and many more hours of family entertainment! Enter Now!

Oh boy! Video shows family's reaction to baby surprise

Little Peyton Williams thought she was getting a baby sister named Charlee. But the two-year-old has had to settle for a doll dressed in pink after her baby "sister" turned out to be a boy.

How to help build up your baby's immune system

We all know that having a strong immune system is the best way to stay healthy – but what can we do to help it along?

'Nick, you need to call an ambulance': home birth mum's tragic death

A Melbourne mum who died after the home birth of her baby pleaded with her husband to call an ambulance because she felt she was going to die, the Victorian Coroners Court has heard.

When dads believe their baby doesn't 'like' them

Q: My two-month-old baby doesn't like me. He's perfectly content with my wife, but when I try to hold him, he gets upset and cries. I've backed off a little, thinking that he just needs a little time to get used to me, but that doesn't seem to be working. I'm starting to think I'm just not a very good dad. Is it too late for me to build a relationship with my baby?

When was the last time a stranger praised your parenting?

Wouldn’t it be great to get some nice feedback every now and then? After all, everyone likes to hear positive praise, particularly when it comes to parenting.

Special Ticket Offer, Save $8!

The Essential Baby & Toddler Show is back this April! Save $8 off the door price for a limited time only!

15 names on the verge of extinction

If you're looking to revive an older name, or don’t want anything near the top 1000 list, check out these rare monikers for your unique baby.

5 characteristics of great dads

It’s great to see a generation of dads who are more actively involved with caring, nurturing and loving their kids.

Why doesn't Australia have more breast milk banks?

When there’s no question that milk banks are important, why don’t we have more of them in Australia?

Carrie Bickmore announces birth of daughter

Television personality Carrie Bickmore has given birth to her second child.

 
Advertisement
 
Advertisement
 
 
 

What's hot on EB

Sign up to our 30 days of #PlayIQ challenge

Sign up to receive 30 amazing tips and ideas for play with baby during the month of April and submit a picture or tip on our social wall for a chance to win an amazing Fisher-Price prize pack.

Man faces jail after giving woman abortion pill smoothie

A Norwegian man is facing jail after putting abortion pills in his ex-girlfriend's smoothie, causing her to have a miscarriage.

'He's a blessing': family of baby born without eyes

Jordy Jackson was born without eyes. He has anophthalmia, which affects one in every 100,000 babies born.

Super fit model Sarah Stage defends her pregnancy body

Model Sarah Stage has defended her pregnancy body after critics claimed her slim figure at eight-and-a-half months pregnant wasn't "normal".

Win a Ben & Holly's Little Kingdom and Peppa Pig prize pack

To celebrate the April 1 release of Holly's Magic Wand on DVD and Digital, Essential Baby and Entertainment One are giving away five bumper DVD packs featuring the newest installment of Ben & Holly's Little Kingdom Holly's Magic Wand and many more hours of family entertainment! Enter Now!

Why I post breastfeeding photos online

I love to take pictures of my children. In some of the pictures, my younger son is nursing.

The day I broke my baby

There are things I wish I didn't know. I wish I didn't know that companies make tiny braces, small enough to hold necks no bigger than a wrist.

The place just for dads of multiples

When a couple discovers they're expecting multiples, the dad can sometimes be almost forgotten in all the excitement and preparation. But one group offers a space just for dads of twins and higher-order multiples.

Brave mum calls for domestic violence law reform

A brave mum of two has shared details of the harrowing attacks she suffered at the hands of her partner in a bid to help other victims of domestic violence.

Why I had the new test for Down syndrome

Early last year I turned 35, and having just found out I was pregnant, I opted to have the new test for Down syndrome.

Geeky baby gear

If your family is more into Star Wars, gaming and the periodic table than most, you might want to check out these geek-chic baby items.

2015: the year of the sheep

According to the Chinese zodiac, babies born in the year of the sheep are creative and enjoy spending quiet time with their own thoughts.

Breakthrough genetic testing now available in Australia

Pregnant women will for the first time have access to locally analysed, accurate, non-invasive pre-natal genetic testing when the first Australian clinic to offer the services opens its doors next week.

Grandbabies: the babies born looking old

Not a day under 65 and a lifetime of struggle! That's the look of these newborns, who look adorably older than their real age. Social networking site Reddit recently featured user submissions of adorable grandbabies, here are our favourites.

Family kicked off flight after toddler seatbelt drama

An entire family was kicked off a Cathay Pacific flight when a misbehaving toddler refused to put his seatbelt on.

Stolen baby found after 17 years

A baby stolen from her mother's arms shortly after birth has been found through an astonishing coincidence.

53 creative pregnancy announcements

Announcing that you're expecting can be a time to express your creativity, sense of humour and imagination. Check out how other parents and parents-to-be have broken the news to friends and family.

IKEA hacks for the nursery and kids' rooms

Are you one of those that know the whole IKEA catalogue by heart? Love their stuff but want to personalise it? Here's some inspiration to help you realise the potential of IKEA furniture and fittings.

36 baby names inspired by food and drinks

A French court may have ruled out Nutella as a baby name, but that doesn't have to stop you from taking inspiration from the supermarket (or bottle shop). See what parents in the US have chosen for their delicious little ones.

Clever breastfeeding products

Check out this range of products designed to help make your breastfeeding journey more enjoyable, manageable and convenient.

 

Sign up now!

30 days of #PlayIQ challenge

Receive a daily email from Essential Baby during April with great play tips and ideas, then submit your baby at play photos to our Playwall, Instagram or Twitter for your chance to win.

 
Advertisement
 
 
Essential Baby and Essential Kids is the place to find parenting information and parenting support relating to conception, pregnancy, birth, babies, toddlers, kids, maternity, family budgeting, family travel, nutrition and wellbeing, family entertainment, kids entertainment, tips for the family home, child-friendly recipes and parenting. Try our pregnancy due date calculator to determine your due date, or our ovulation calculator to predict ovulation and your fertile period. Our pregnancy week by week guide shows your baby's stages of development. Access our very active mum's discussion groups in the Essential Baby forums or the Essential Kids forums to talk to mums about conception, pregnancy, birth, babies, toddlers, kids and parenting lifestyle. Essential Baby also offers a baby names database of more than 22,000 baby names, popular baby names, boys' names, girls' names and baby names advice in our baby names forum. Essential Kids features a range of free printable worksheets for kids from preschool years through to primary school years. For the latest baby clothes, maternity clothes, maternity accessories, toddler products, kids toys and kids clothing, breastfeeding and other parenting resources, check out Essential Baby and Essential Kids.