Categories

Is Toddlerhood Too Early to Teach Money Lessons?

Dollars and Cents!

It seems like most kids today don’t understand the value of a buck. I am sure it really isn’t their fault at all, but as I watch the trend I want to help combat it with my own children.

It started last week when my husband and I brought all the kids to the Walmart so we could get a handful of groceries and must have products to make it through the rest of the week.

Chaos ensued when my toddler and oldest son spotted the new movie Treasure Buddies on an end cap in the front of the store. They wanted it. And with my limited budget for the day an extra $19.97 wasn’t in the cards.

I started thinking that it may be a great opportunity to teach the value of money and patience as well. I quietly and quickly explained to them not today and told them we could get it next week once our bills were paid and it was in our budget.

I think we have all had these parenting moments right? I mean, I didn’t want to tell my kids — well guys its a movie or lunch for the week… you pick!

I explained the cost of the movie and how much money we would have left over after buying the groceries. They looked confused but I figured — I tried!

Yesterday we took the trip to get their movie. A week later and with a little bit more pocket change than I had that day. I think that spacing it out a whole 9 days and making them wait made them appreciate the movie more than they would had I just given in that day and got it for them.

They were truly thankful and to see a two year old say thank you with a big smile on his face… you could tell he meant it.

So my question to other parents is… do you think toddlerhood is too early to each money lessons?

Read more from Danielle on DanielleElwood.com
Follow Danielle on Facebook and Twitter!

Read more on Toddler Times from Danielle:

9 Great and Easy Toddler Yoga Instructional Videos
Pink Eye 101
Our Favorite Toddler Tunes


photo credit: Flickr

Tagged as: ,

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, profile photo and other personal information you make public on Facebook (e.g., school, work, current city, age) will appear with your comment. Learn More.