Learning about Money

I was very proud of Supriya today when she walked away from buying trinkets at Walmart. She gets an allowance of $5 per week. She is free to spend on anything she wants. I have my own learning to do in this regard. I am trying hard to actually let her do that without being sarcastic or putting down her choices. After all, the best way to learn about money is by making mistakes.

Anyway, her friend Ethan got an iPod Shuffle for Christmas. He put down half the money and his parents matched that. We have promised Supriya the same deal. So now she is working on saving up her allowance. The iPod costs $80, so she has to save $40, which is 8 whole weeks of saving. And that is proving to be very hard for her. Any time we go to any store, there are temptations galore everywhere, and she has been seduced every single time so far! Today was the first time she did not succumb. Aseem bought two books but Supriya did not give in. Our learning continues...