My kids each got $5 for Valentine’s Day. They, of course, had great plans for their money. My boys inevitably wanted something LEGO – Ninjago or some thing – they babbled on and I tuned out, to be quite honest. My daughter wanted a Barbie bed.
Yes, she has no concept of money, cost and brand “value”. In her mind, little Barbie bed = cheap. Ha. To Amazon we went because she won’t believe without seeing. $20-$30 for pretty much every Barbie bed her eyes did see. Sticker shock! She could have gotten a Barbie bedding set FOR HER BED for $30 but problem – she only has $5. Back to the drawing board, er, thinking hat.
Meanwhile we need kitchen chairs. As in, desperately need since the old ones are buckling out underneath us so we set out on a kitchen chair hunt. Store number one was not a success. Ugly rickety chairs and rickety chairs some one got creative with and decorated. Store number two, not a chair in sight but I told the kids we could take a “quick” look at the toys. 20 minutes later…..
E, found a LEGO Creator game. Priced at $3 he figured it was worth it as it appeared most or all the pieces were there. When he got home he sorted it out and found only one piece missing, which he was able to find in their ginormous bucket of LEGOs.
R found, or rather, I found, you guessed it – a Barbie bed. A Barbie bed like I have never seen. It actually has 3 pieces that stack and pull out to be 3 beds that hold 9 “princesses” in all. It also came with a single bed. Packaged together for $2. There was a second set with a hair washing station, kitchen counter, sink and stove, 4 chairs and a stool for the beauty station, also $2.
Teachable moment 1 – the boys talked about this large LEGO set they wanted. We had a discussion about what “pooling resources” meant and how sometimes things work better when we “pool our resources”, whether it involves money or talents.
Teachable Moment 2 – R and I talked about the value of money. We talked about how sometimes you shouldn’t just go out and buy what you want but by waiting and searching sometimes you can find the same thing for a better deal. Her $5 wouldn’t go very far with a brand new item but since she waited and looked for something within her budget she ended up being able to buy something she really wanted – instead of her original “Ok, then let’s just find something for $5 on Amazon.”
Teachable Moment 3 – K chose to buy something that wasn’t used or “cheap”. Instead of settling on something cheaper just to spend his money he paid a little more for something he REALLY wanted. Buying the “best deal” isn’t always a wise way to spend your money if it isn’t exactly what you are looking for. It is better to spend a little more on exactly what you want.
Today I am linking up with Barb at A Life in Balance. Check out more great posts.