My son Johnny is 3. He has had money on his mind lately, and it’s neat to see how his thinking works. Here’s some snippets from our recent conversations:
“I need to go to work tomorrow,” he told me.
“My money is all gone! I need to get some more money.”
“What will you do with your money?”
“Give it to the people.”
Ahh yes, “the people.” He’s talking about people at stores, I think, though I’m not sure.
“What will the people do with the money you give them?”
“They’ll look at it.” Yep, I guess they will.
He likes to have a coin or two in his pocket on the way to church so he can put it in the offering plate when it comes around. When he happens to find a coin on the ground or in my bathroom or bedroom, he wants to save it until Sunday so he can “give it to God.” Aww!
And the other day, he was talking about Shane and how he goes to work.
“Daddy went to work. He needs to get some more money.”
“Yep, he needs to get more so he can buy more groceries, and get more gas for the car, and buy you more clothes, and more toys…”
He interrupted me there.
“No, I don’t need more toys,” he told me. “We need some more crackers.”
He’s right! He doesn’t need more toys. He has plenty and he’s content with what he has. Yay! He did accept that we need more money so we can buy groceries, because he knows we never have enough crackers to suit him.
As my kids get older, I hope to teach them more about how money works — how it’s earned, how it’s taxed, how to spend less, how it can grow if invested…and on and on. I probably ought to switch to cash for some of my purchases, at least the purchases I make when my kids are along. I prefer debit for so many reasons, but I think they’ll have a better understanding of how money is finite if I use cash.