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

 

Win a copy of 'Breakfast, School Run, Chemo'

To celebrate the launch of EB member and contributor Julia's Watson's first book, we have five copies of Breakfast, School Run, Chemo give away.

Electronic tags may keep newborns safe

The possibility of using electronic bracelets for mothers and their newborn babies is being investigated by Adelaide's Women's and Children's Hospital. 

Baby steps: when your little one starts walking

As a parent there are so many milestones to look forward to. That first smile, first word - and, of course, that first step.

Julia Watson's new book 'Breakfast, School Run, Chemo'

Tomorrow my friend Julia launches her first book. And while we're all overjoyed, the success is tinged with sadness. You see, Julia has stage 4 bowel cancer.

How not to name twins

Call me boring, but I don't think that when it comes to choosing my twins' names is the right time to use a good pun.

Fun Sunny Life pool inflatables just for babies

The babies of 2015 will thus be thrilled to paddle their happy baby legs in these brand new flamingo and swan baby inflatables.

Breastfeeding basics for beginners

Here are 10 tips to help make breastfeeding successful and stress free for both you and your baby as quickly as possible.

Girl smothers baby brother with peanut butter

This mum had a big clean up job on her hands.

How to hide those under eye shadows

Pandas are the only ones who benefit from under-eye shadows. If you're not fluffy and cute, you'll just look tired.

Young mum dies after being denied pap smear

A mother has died after she was denied a pap smear because she was deemed "too young" to need it.

Birthday cakes banned at childcare centre

A childcare centre in Sydney has banned birthday cakes after parent complaints about excessive sugar and children with allergies being left out.

Triplet surprise for newlyweds

As the radiographer moved the wand over her abdomen, Shelley King got the surprise of her life.

3 yummy Thermomix baby and toddler recipes

Louise Fulton Keats shares her recipes for babies and toddlers, including corn and sweet pikelets, pumpkin and pea risotto, and cheesy bunny biscuits.

Man arrested over toddler Nikki's death

A 31-year-old man has been arrested over the death of two-year-old Nikki Francis-Coslovich in Mildura.

Adoption ban on pregnant women to be lifted

Pregnant women will no longer be barred from adoption waiting lists in NSW, after the Baird Government decided the practice was discriminatory.

Are you getting enough magnesium?

Magnesium is the fourth most abundant mineral in the body, but we don't talk enough about it and the vital role it plays in great health and energy, as well as disease prevention.

5 workplace lessons for new parents

Take heart in these principles that will transfer seamlessly from the workplace into your new life as a parent.

Mums to follow on Instagram

A creative outlet for many, there are some savvy women complementing their blogs and businesses with riveting Instagrams feeds. We've chosen a few which have bucketloads of appeal; there are some big time players and some smaller local ones, and they each bring their special brand of magic to the Instagram experience.

Review: The Volvo 2015 XC90 SUV has all the safety features your family needs

The new Volvo XC90 SUV's focus on keeping you safe does not come at the expense of comfort in the XC90.

Kim Kardashian reveals she may have hysterectomy

Kim Kardashian has revealed complications during pregnancy means she might have to have a hysterectomy after the birth of her second child.

Why late night snacks wreak havoc on weight loss

 Loath as you may be to admit it, chances are that at some point you have found yourself in the kitchen late at night, devouring food.

Toddler twins pretend to be asleep to fool mum

They say twins have a unique connection. If this cute clip is anything to go by, these toddler sisters like to use their special bond to try to fool their mother.

Dad bags: 10 picks for out and about

Getting out of the house is a big priority in the early years of parenthood and you need to take a well-stocked kit with you. We've chosen 10 of the best nappy bags sure to appeal to dads in style and function.

Win a Mountain Buggy Swift

To celebrate Essential Baby reaching half a million Facebook fans, we have a Mountain Buggy Swift to giveaway to a lucky fan.

Get your FREE Baby & Toddler Show ticket!

Get your free ticket to the Sydney Essential Baby & Toddler Show for September 25-27 - register online now.

 
Advertisement
 
Advertisement
 
 
 

What's hot on EB

Dads who do their share have more sex: study

For women trying to encourage their partners to take more interest in fatherhood, it could be the ultimate incentive.

Think you might have IBS, coeliac disease or Crohn's?

Conditions affecting the gastrointestinal tract are common in modern humans, and many are on the rise - including irritable bowel syndrome (IBS), inflammatory bowel disease (IBD) and coeliac disease.

Couple poses for newborn shoot with adorable puppy

Tired of being asked about their baby-making plans, Australian couple Matt and Abby decided to give a creative answer.

The exercises you know you should be doing (but probably aren't)

I bet your to-do list today is long. But somewhere on that massive list, are you making time for your pelvic floor?

This baby really loves the family cat

Some babies get excited when mum or dad come to get them from their cot after a nap.

Designer kids clothing good enough to eat by Oeuf

Even if you aren't heading to the Northern hemisphere in the next six months, you can't help but love the amazing food-themed knits for babies and kids by cult kids brand Oeuf.

Early exposure to peanuts recommended for allergy prevention

A paediatricians' group is recommending that infants at high risk of peanut allergies be given foods containing peanuts before they turn one.

Home brand foods contain less salt than pricier rivals

Supermarket home brand foods, long derided as cheap and inferior, contain far lower levels of salt than pricier, branded rivals, new research shows.

Nannies for hire, wherever you're flying

Ever dreaded the prospect of a long flight, dreaming about how wonderful it would be for a nanny to entertain the kids?

Couple poses for newborn shoot with adorable puppy

Tired of being asked about their baby-making plans, Australian couple Matt and Abby decided to give a creative answer: with an unusual photo shoot with their 'baby', a groodle (poodle/golden retriever cross) named Humphrey. The talented Elisha from Elisha Minnette Photography caught all the precious shots.

Is it okay to name your baby with a sense of humour?

My husband was sure that Danger was a good option for a boy. And as the pregnancy progressed, it actually started to sound really good.

Woman gives birth after having her own mother's uterus transplanted

In a world first, a healthy baby has been born from the same womb that nurtured his own mother.

So hot right now: double-barrelled baby names on the rise

It's one way to make your baby stand out from the pack – giving them not one, but two first names.

Second time around: is it really better the devil you know?

When I fell pregnant with my second child I was, naturally, very excited. Then it all started to come back to me - and I freaked.

Shopping with kids: breaking the pester-power cycle

You're out shopping with your little one and they're incessantly whining that they want a treat. It's easy to say no ... the first time, at least.

How did we have babies before apps came along?

Three months ago, my wife, Chrysta, and I were driving along Melrose Avenue in Los Angeles when she let out a harrowing cry.

When your toddler disagrees

There comes a time when your child starts having different views to you. I didn't realise that time would come so soon.

Win a Pacapod this Father's Day

To celebrate dads and families, we are giving away a Picos Pack from Pacapod Australia filled with a few extra goodies ENTER NOW

 

FREE TICKET

Discover the magic of the LEGOŽ DUPLOŽ Play Area in Sydney

Get your free ticket to The Essential Baby & Toddler Show and save $20 - register online now!

 
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.