Wednesday, May 27, 2015

Learning the Value of a Dollar

I got an email from Henry's teacher yesterday. I ignored it at first because I was in the middle of a bunch of different things and those emails are never good news, right? I finally got to it after lunch and I was floored by what I read.

Henry has a field trip coming up this week. They are going to a local park to learn about animals and habitats. I got the permission form two weeks ago. The trip costs $5 to pay for the bus. I went ahead and wrote a check for $10, knowing that field trip money can be a hardship for families sometimes. I didn't mention it to Henry, he just took it to school and turned it in.

I imagine his teacher was tying up loose ends yesterday when she reminded the students about the field trip. She must have mentioned that some kids still needed their permission forms and money. And I'll bet she told her class that if a student didn't have the money, not to worry about it as they would take care of it. That's how I've heard it many times, and said it myself, in fact, when I was teaching.

That's where the email comes in. Apparently, when my sweet son heard that some kids might not be able to pay for the field trip, he went to his backpack and got out his wallet. He pulled out a $20 and gave it to his teacher to "help his friends be able to go on the trip." She was asking my permission to take the money.


After I finished crying, I said of course that was fine with me. It's his money that he has either earned from chores or received as gifts. I put him in charge of it in order to teach his fiscal responsibility. In my head that meant letting him blow all his money on toys and bubble gum so that he could learn to budget at some point.

He takes good care of his wallet. He lost it one time and after that he has kept very good track of things. He understands how lucky he was to get it back! He loves money. I've found it to be the one thing that really motivates him to do things. Even a tiny amount works! I pay him a nickel for each pair of socks that he matches up out of the laundry basket.

He saved up a while ago to buy a r/c monster truck. He's proud of himself for that. I let him handle the whole transaction on his own. His smile afterwards was just precious. He also likes buying gum. He chews it all the time, but not in an annoying way. I don't even notice it most of the time as he's very responsible about it.

I was initially worried about letting a seven year old be in charge of his own wallet. My main concerns were about him losing it or spending it frivolously. And I'm not saying that those things haven't happened. They will likely happen again. However, he's obviously learned something else about helping others along the way! 


 
This post was part of the One Word Blog Linkup hosted by, Janine of Confessions of a Mommyholic, Marica of Blogitudes, and Lisa of The Golden Spoons! This week, the word prompt choices were Sweet & Soon.


15 comments :

  1. Henry, seriously is an amazing young man and I think he learned well from his amazing mama!! ;)

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  2. What a wonderful story! I would have cried, too.

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  3. This is such a beautiful story, Rabia! What Henry did with his money is so awesome and wonderful! His beautiful, giving heart truly shows in what he did for his fellow classmates. You're obviously teaching him well and I sincerely applaud you for that. I'm so glad you posted this. You've made us all feel proud of Henry - and deservedly so! Thank you! :)

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  4. How sweet!! He may not be budgeting exactly as you had planned, but he is definitely learning something very valuable! Good job Mama!

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  5. Rabia this is the sweetest story ever! Your little boy with the heart of gold. Thanks for sharing!

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  6. So sweet of your little one! 7 years old and he already is the epitome of generousness. Congratulations, you have raised a wonderful little human and the world is better for it <3

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  7. It's nice to know he absorbs a few of the things I say! He's listening more than he lets on, that's for sure!!

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  8. He can be a really generous kid! Just don't ask him to share his toys with his brother! ;)

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  9. I'm actually impressed with how long he's kept that amount. I figured it would all be gone by now. And he only bought one book at the Book Fair at school!

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  10. Thanks, Jen!! He's a sweetie!

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  11. Aww, thanks! He really is a good kid!

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  12. What a sweet story - both of you. The apple doesn't fall far. You gave extra money and he did too!
    On Tuesdays, the town has an outdoor farmers market. I give Scarlet $10 to spend how she wants and she has been learning how far it goes. Like if she wants the first strawberries of the season?? $6 and they don't last long!
    If she wants a shaved ice? $3, but only $5 if buys two - one for Des.
    It's been fascinating.

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  13. I'm impressed with the way my kids spend money too. There was the initial "Spend all the money" tendencies, but after that they've been much more careful!

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