Teaching Kuya the Importance of Investing, Saving, Wise Spending, and Delayed Gratification
June 28, 2013Bargain Hunter, Saving and Money Matters, The Teacher in Me,
Three months ago, my husband and I decided to teach my eight year old son a better way to understand that valuing money is very, very essential. We asked him to invest in our home-based business Php 350.00 of his savings.
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| We used Kuya's money in purchasing raw materials in creating these Keep Calm and Posters-inspired key holders. Sales went directly to him. We guided him on how to use his money properly. |
When we gave him his gross income, he bought Artzooka (Php 299.75) and a small pack of Mighty Beans (Php 99.75) that he wanted for a very long time which we refused to buy before. These were his rewards after earning from his first investment. He reinvested Php 350.00 then planned to save what remained.
He told us that he realized that money was hard to earn. He felt good knowing that he was capable of buying things for himself by investing and earning. The result of delayed gratification was so sweet!
He told us that he realized that money was hard to earn. He felt good knowing that he was capable of buying things for himself by investing and earning. The result of delayed gratification was so sweet!
He would ask us to buy him toys whenever we go to the mall but we wouldn't give in. I would tell him that he has plenty at home so why buy often. He would listen but we could feel his sadness and frustration.
After this learning experience, he was able to understand us. He realized the importance of PRIORITIZING WHAT WE NEED AND NOT WHAT WE WANT. He was happy that he could make a way to own the things that he wanted but he should work hard to get them.
After this learning experience, he was able to understand us. He realized the importance of PRIORITIZING WHAT WE NEED AND NOT WHAT WE WANT. He was happy that he could make a way to own the things that he wanted but he should work hard to get them.
These are the photos out of his reward, Artzooka! He made all these by himself with so much patience, love, and pride!
Kuya has so much to learn! Thank God he is very much willing to listen...
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