I found myself buying him a little Matchbox car about every third time we went to the grocery store because, hey, they are only 97 cents… but then I started thinking that I was missing the point. Just because something is 97 cents doesn’t mean my child needs to have it (even if he does tell me that). We made a date to go to Orange Leaf Frozen Yogurt and this adorable toy store two weekends ago with my parents and I got to thinking that this would be the perfect opportunity to show him how to buy his own cars.
We grabbed his piggy bank and after he shook out a bunch of the coins we started counting how many he’d need of each kind. I quizzed him on what each coin was and we made it into sort of a game to see if he could remember what each was.
I knew the cars were $1.49 so I wanted him to have $2 so he’d have to make some change. We had six quarters, four dimes and ten pennies. He definitely doesn’t understand what each coin means or it’s value yet but he does understand what each coin is.
Here’s the cutie heading to the toy store. I love that we are learning money with a very practical application to his life. The money in the piggy bank has come from birthday gifts or money that we’ve found around the house but AJ and I have been talking about implementing an allowance system so that he will have “income”. After we do that I want to start showing him how we use money for tithing and saving and then show him how we spend after that… but for now the spending is so he can learn what each coin is and what it stands for.