Gives Kids Money and a Budget – Tuesday Tips

May 26, 2009

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tuesday_tips

dollar

Next time you need to buy something for one of your children: clothes, party supplies, shoes,etc., try this:  Give them the money (a budget) and let them do the shopping.  Depending on their age and independence, you may want to offer help with sales shopping, reading ads, price calulation, list making, etc.

For Brooke’s 7th birthday party, I gave her $20 and said she could use it to plan anything she wanted.  Adults may scoff at $20 for a birthday party, but she acted like I’d given her a pot of gold.

We brainstormed party ideas and I helped her make a list for the grocery and dollar stores:

  • cake ingredients
  • ice cream
  • party favors
  • decorations
  • games

We agreed that she could keep half of whatever was left over.  (A little incentive to be frugal.)

Now, I have happy visions of the future where all my kids plan and organize their own birthday parties without any help from me . . . I can’t wait!

Have you had a great idea lately?  A tip that would help us all out?  Please share in the comment section!!

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Posted under Math Curriculum, Tuesday Tips

6 Comments »

3 Comments so far

  1. Cindy July 6, 2009 2:45 pm

    Great idea! I love doing this sort of thing with my children, too. :o)

    Thanks for submitting to the Hands-On Homeschool Carnival.

  2. Ann May 27, 2009 5:43 pm

    That is a great idea! Wish you’d posted it a couple of weeks ago. 😉 AJ just had her 8th birthday party on Saturday. (A friend party.) And while it went great, it would’ve been much more fun to let her buy all the stuff for it. Well, maybe next time. We don’t do “friend” parties every year, thank goodness. So I don’t have to worry about it again until Roo turns 8.

  3. Mia May 26, 2009 11:42 am

    What a great idea – thanks for sharing!

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