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pocket money and piggy bank- when to introduce?

Discussion in 'Toddlers' started by Traveller, Sep 10, 2008.

  1. Sep 10, 2008 #1
    Traveller

    Traveller Gold IL'ite

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    Hello fellow moms,

    My boy is 3.5 years old. Yesterday he was very nice to an elderly gentleman at the bus stop. He was rewarded with 2 euros:) While my son understands that we have to pay money to buy something, that dad has to work to get money so we can buy him candies etc., he quite didn't understand that he could use that gift to buy himself something.

    In India, as you all might know, it's quite common to receive money as gift whenever we visit/are visited by someone. Until last year he didn't quite capture in his mind this concept and he would just keep quiet when we took the money on his behalf. But I know henceforth it might not be so.

    This triggered the thought in me.. may be we should talk to him about piggy bank, pocket money etc., But i don't know how... please pour in your experiences/thoughts/tips

    Latha
     
    Traveller, Sep 10, 2008
    Traveller, Sep 10, 2008
    #1
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  2. Sep 10, 2008 #2
    mangaii

    mangaii Finest Post Winner

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    Hi Latha,
    I'm thinking since he is 3.5 years old as you introduce money also involve a coupon system.Like create a coupon book with some colours and stick pictures of something he likes and put the number of euros needed for that. As and when he gets euro ask him to count so when he reaches that number he can exchange for a coupon and later you can buy stuffs for him.As far as saving I think you can give him some kind of certificate once he reached certain amount and you can pretend to play like a bank.If your already doing this i'm not of much help.
    Thanks
    Mangai

    PS:By the way your no longer my friend b'cos you have such high metabolism.I eat and put on weight like anything.Antha katha koncham entha pakkam annupunga.. :cheers

    Bye
    Mangai
     
    mangaii, Sep 10, 2008
    mangaii, Sep 10, 2008
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  3. Sep 11, 2008 #3
    shvap_786

    shvap_786 Gold IL'ite

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    HI latha and mangai...

    All these days i was thinking its too early...

    latha u gave me an idea to start this... coz my daughter is already 3.5 yrs...

    mangai thnx for ur idea...
     
    shvap_786, Sep 11, 2008
    shvap_786, Sep 11, 2008
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  4. Sep 11, 2008 #4
    Traveller

    Traveller Gold IL'ite

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    That's a nice idea, Mangai. Must see how much the lazy mommy executesbonk. It's very very rare that he gets money in Europe. That 2 euros he proudly showed his dad and gifted it to him:( But this idea will come to help when we go to India next year.

    Kaathuthane athukku enna... evalavu venalum anuparen:hide:

    Latha
     
    Traveller, Sep 11, 2008
    Traveller, Sep 11, 2008
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