Somebody please talk to me about kids & money, I’m begging you!
Scorch wants things. A lot of things. He wants little plastic animal figurines when we stop at the pet store. He wants a Hot Wheels car when we go to the grocery store. He wants Iron Man/Green Lateran/Bat Man/Whatever when we go to Target. He just asks and asks and asks regardless of the fact that the answer is no- I’m not forking my money over for junk.
His typical response for that is “I’ll pay with my own money.” Sometimes I’ll let him (with a $5 limit), but most of the time I don’t let him do that either. The limited amount of money he has on hand is from birthday presents or generous family members, so it’s not like he’s got a huge supply of it.
But the thing is, I don’t know what to do. I realize Scorch is only 5, so I don’t know what kind of concept of money he’s supposed to have. He knows things cost money and he knows that some things are more expensive then others- but he doesn’t truly know the different between $5 and $500. Do we implement an allowance at this age? I’ve heard conflicting theories on whether allowances should be chore based or not. Scorch has certain things he has to do daily now that I don’t feel he should be paid for- they are just part of being a functional family. Do I give him more chores that he can do (or not) if wants to earn money? How much money does a 5 year old get?
I’m lost- someone please school me please so I don’t have to listen to my 5 year old throw another fit about this!