Let Your Kids Teach You To Save Part II

I have mentioned in the past that I am always amazed at the creativity that people come up with in ways to earn money. When I was still living in Japan, I mentioned about how a friend’s child had taken his words and turned it into a money making venture:

Apparently one week his son was complaining about the amount of allowance he was receiving and wanted more. Money was tight and my friend was frustrated and basically blurted out, “If you want more money, you can have whatever you’re able to save this household”

That was the end of it he thought until his son began coming to him with ways the family could save money and asking for payment when the ideas worked.

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[Continue Reading at SavingAdvice.com]

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6 Responses to Let Your Kids Teach You To Save Part II

  1. VancouverGurl says:

    What a smart kid and really great way to get kids to think about money. Of course, teaching them to spend it wisely is just as important as creative ways of making it.

  2. user says:

    How exactly did the kid “save” the parent $300 if the parent has to now pay them that? Let alone pay for their kid’s wants and needs. Interesting, but hardly miraculous.

  3. SteveL says:

    Most parents would probably rather give $300 to their kids than to the utility company or grocery store.

    It also teaches a kid the value of money and lets him learn to manage his own finances.

  4. I think that is awesome, saving and selling the skills.

  5. Jeff says:

    thats pretty cool. I wish I had that opportunity as a kid.

  6. DadCafe says:

    That is brilliant! And thanks for following up with the tale of him selling his idea – wish I’d thought of that when I was a child. I may try this idea with our son when he’s old enough. He’s now 4 and sometimes refuses pocket money because he’s happy playing with his toys! I’m sure he’ll change his mind one day…

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