Ok, so this next Monday we have been talking. It is time to do our budget, but we want to get the boys in on it. But we knew we couldn't go into to much detail because our oldest is only seven. But what we do know is that we can teach them the simple concept of living within their means.
We decided to go with a vending machine idea. Since we don't want to drag all six of our kids out of the house JUST to use an overpriced vending machine, we are going to create our own. We are going to have things priced from five cents to a dollar twenty five. Our kids LOVE candy bars, and we are going to tempt them with a king size snickers in the dollar twenty five slot. But the problem is, they only get a dollar. There will be some candies that are tiny that only cost five cents, but nothing as big, and as shiny as that king size snickers.
There are a few ways this lesson can go. All of the kids are disappointed they cant afford the snicker bar, but they all buy other candy that is within their dollar limit. Or, one boy decides to be nice and give away some of his money so his brother can have the snicker, then be disappointed because he started with the same money but ended up with less. Or two boys can pitch in together, get the snicker bar, and any other candy they can afford and split it all even down the middle.
I kinda wonder what choices they will make. I will keep you updated with what happens on Monday.