Comments on: How do you teach value?

By: Weekly Roundup and Carnivals

Weekly Roundup and Carnivals — Fri, 07 Nov 2008 16:02:28 +0000

[...] WideOpenWallet asks an important question “how do you teach value“ [...]

By: Carol

Carol — Fri, 07 Nov 2008 15:02:36 +0000

My “child” will be 40 this month, (I had him when I was two!!!) and at an early age he learned the hard way about value.
He wanted some type of “fancy” sneakers and I bought them for him with the understanding that he could only wear them after bringing his grades up. Time went by, report cards came out, grades did not go up, and back to the store went the sneakers!
He was amazed that I would really hold him accountable, I think he was twelve at the time, but from that time on, he always lived up to his agreements.
Children, as well as adults can learn that what they want and what they need are often very far apart.
When you earn it, you also learn it.

By: Bill

Bill — Thu, 06 Nov 2008 21:35:35 +0000

To learn value, they need to earn the money. Even if it’s something small and trivial. So they can make the connection of “That pencil cost 3 weeks of feeding the dog.”

By: Amber C

Amber C — Thu, 06 Nov 2008 18:22:00 +0000

I know my son didn’t learn it until he started working a part-time job. But as soon as he did he quit wanting fast food, certain clothes, and other junk. When he got paid he would take $10-$20 from his paycheck and that was all he would use. This included his movie outings with his friends. Some weeks he wouldn’t spend any money.

By: NtJS

NtJS — Thu, 06 Nov 2008 18:00:24 +0000

How old is yours? I know that concept is beyond our 5-year old. We’ve mastered “I have $6 and this costs $6, so I can buy it”. But value? Hrmmmm…. will have to think about that one.