On Earning Their "Salary", Saving, and Spending

Pay Me!

Well, not a bribe (but could very well be!), but we introduced a "wage" system of sorts particularly with the Little Miss. She "gets paid" in exchange for her doing house chores. I personally don't remember getting paid for house chores but I clearly remember getting Php 0.25 per gray hair I pluck from my mom or dad. LOL.

The method of payment is of course cash - used to be on weekly basis but apparently, now she would like to get paid daily.

Saving and Spending

They have been taught to save -- they have coin banks, savings accounts, and of course, a Hive account (which I think now needs to be separate). They have built a habit of putting any money they earn in their respective coin banks. Along with this is the constant reminder of how important saving is, and making it work.

"If you want to buy something, then save for it." That's the rule...

From time to time, I ask them to go to the neigborhoord convenience store. There, they get to practice their Math skills - making sure they have the enough money to pay for, or get the exact change for their purchase.

"Can I buy this squishy?"

Little Miss bought this little pineapple-y thingy with her money from her "salary" because Mommy won't buy it with the money budgeted for food and grocery.

They (she and Little Man) had a satisfied smile on their faces as they went out of the convenience store. They just bought their toys from their earnings.

Needless to say, the squishy thingy was broken within just a few hours. They then "experimented" on these water beads that they extracted from it. Another thing to note -- ensure that your "investment" is worth it. Check on its quality and purpose. What are you going to get from it?

Earn It!

We want our kids to learn that you cannot get things easily, but instead they need to be worked on. They need to be earned. With proper mindset and determination, they can reach their goals (material and immaterial). And we will be right beside them all the time.