image courtesy of jenn-jenn
A while back we started giving the girls an allowance. I went back and forth about this for a while because they are pretty young, but they often get money from relatives or, in Cheyenne's case, the tooth fairy, so I decided it was time to teach them how to use it.
There are so many valuable, complex lessons for kids to learn from allowance. Saving, giving and delayed gratification, to name a few. I have strong feelings about money and this is one of those areas where I'm tempted to micromanage. It takes a lot for me to pull back and let them take their lumps and learn their lessons.
Well, it turns out the girls are natural savers. When we instituted allowance, both of the girls picked a toy they wanted to save for. Cheyenne wanted an Ariel doll she can play with in the pool and Isabella wanted a smaller, less expensive fairy mermaid doll to play with in the pool.
We discussed that the Ariel doll is bigger and more expensive, in part because it is a Disney character, and that at $1 a week Isabella would be able to afford her doll sooner than Cheyenne would be able to afford hers. Ever since, whenever we go somewhere and the girls want a cookie or an ice cream or a dollar bin toy I remind them that if they spend their money on what they want now, they'll have to wait longer for their toy. Shockingly, they have decided every single time that they wanted their pool toy more than they wanted to indulge their latest whim.
This weekend the day came for Isabella to get her pool toy. We went to Target, picked it out, brought it to the counter and she proudly gave the cashier the money. She had accomplished her goal. Cheyenne was a little upset at first. We looked at the Ariel doll and I explained that if she wanted something now she could get something cheaper, but she'd have to wait for Ariel. In the end, she decided to wait.
I'm very proud of the girls. I think this allowance thing has been good practice for them.