Betty’s four-year-old son, Max, wants a warm cookie every time they go grocery shopping. These cookies are $2, and Betty did not want to spend the money every week. Betty tells Max every day he does an extra chore (usually, clearing the dinner plates) he gets a quarter. When he has eight quarters, he can buy the cookie. Betty had a piece of paper she put the quarters on as he earned the, so Max was learning three things – how to work for something special, how to count and do basic addition, and how to delay gratification.
For this and other suggestions see Raising Financially Independent Children, sold on Amazon.
For more information on educating your family on finance and money check out our books on financial independence:
Financial Independence Essentials
Financial Essentials for Women by Women
Financial Essentials for Couples
Raising Financially Independent Children
Financially Independent Teens
Budgeting for Women by Women
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