Son's birthday money
March 30, 2012 3:34pm CST
I took my son shopping with his birthday money today, he had been given quite a lot by family and friends. He is 5 years old and doesn't fully understand prices yet. I must be infuriating to shop with - if I think something is seriously overpriced, or very poor quality, I won't let him buy it. I do explain my reasons though! Still, it took him around 2 hours to spend his £65. He bought his big sister a £5 gift, after I pointed out that she always shares her birthday money with him, and their baby sis, even though she isn't asked to. He is a sweetheart, but he doesn't automatically think of everyone else like his big sister does. Then we looked at lots of toys, I explained the prices and how he could manage his money to get more from it. So instead of spending £40 on one toy which he originally wanted, he bought a very similar item for £20, and several other toys too. He didn't have any money left over - which means I will be topping up his savings for our day trip next week - but I am happy because he learned a little more about handling his finances.