I've had some interesting conversations and experiences the last few days regarding money and kids. While speaking with neighbors about babysitters, we all compared notes on the high cost of a sitter for an evening these day. No longer were sitters getting a few dollars per hour. It was typical that they get $10 or more per hour. Nanny's even more.
As my husband, brother, and friend were bringing items from storage to the house, I told the kids (most under 8) that if they helped they could get a dollar. My 10 year old nephew says, "That isn't that much. A dollar doesn't buy you anything!" The younger ones had been excited, he killed it. I was about ready to kill him. Later I learned that he got $20 to mow his father's lawn (small lot).
We are trying very hard to teach our kids the value of money. Not just that you have to earn it, but also teaching them to save for things they want. Although that concept seems foreign now. So many kids don't have jobs or chores. Allowance is really just a hand out. Are we alone in our approach?
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