Friday, 6 September 2013

Money, Money, Money, Pocket Money Tales! #RoosterBankPMI

Pocket Money Tales! 

When I was younger I did not recall the value of money.  I remember getting 10p around 6 years old and being trusted to go to the corner shop, I would buy sweets or Space Raider crisps. The pickled onion flavour, my fave. I used to think money was magic. These would be random treats from my mum. 

On the other hand when I got a little older my dad would give me £1 when I used to stay with him on the weekends.  I did not have to work for it and I could do what I wanted with it.  

A whole POUND coin (I remember the paper ones too)! These would be new £1 coins. I would marvel at the golden looking coin, feel the heavy weight in my hand and place it in pocket.  I have a vivid memories of play with money, rolling & spinning them on the floor. I would buy stationary and colouring books.

My first big present to me was Cyndi Laupers' Girls want to have fun however sadly the record was warped I had to take it back and swapped it for Madonnas' True Blue; I still have it knocking about somewhere!

Looking back I really wasted my pocket money. I don't remember wanting any exciting toys. Mainly I would save my money to collected Fifa Football stickers (I was a bit of Tom Boy) and my first Chelsea Football kit.  At Christmas I would buy my entire family presents. Looking back now I am unsure if my nan appreciated the 99p Superdrugs dodgy talc powder.

Years down the line I do see the importance for little people to understand money is not happiness but it helps, also it does not grow on trees.

Times have definitely changed too, children are prone to media and trends at such an early age. There are consoles, gadgets, games, cartoons with merchandise and logos all recongised and wanted.  I'm not made of money however, I do like my sons to have nice things.  Most birthdays & Christmas's they get money from Grandparents.  As they are both young 3 & 5. I tend to save their money and put it towards big things they need in the year.

They are growing and changing, last year J. wanted a new app.  I said no.  I am not a meany but I try not to encourage he can have whatever he wants when he makes demands.  A few moments later he is standing in front of me cupping a lot of change.

Him: Is this enough? he asked
I was very bemused.
Me: Where did you get this money from?
Him: I stolen it from you and daddy.

I am sure most parents would of been furious.  I actually found it hilarious I had to hide my smile from him to explain why its naughty to take things that don't belong to you.

The incident highlighted a couple of things. My son knew the word 'stolen' this is something never discussed but importantly it was time for pocket money and getting him to understand the value of money.   

Thankfully some time prior I introduced a reward & behaviour chart!  This is something I made, its a fun looking tree, pretty much a massive talking point in their bedroom when friends come over.


At the end of the day as family we discuss how their day went. Good behaviour the squirrels move-up, bad behaviour the squirrel stays put.  The aim to get the Squirrels start at the base of the tree and work their way up to the acorns, when the reach an acorn they get 50p which goes into a joint money jar.

Boys being boys it can get confusing and some days the squirrels are at the base of the tree again... I wonder who moved them! Much to little giggles, they are so cheeky playing tricks on each other.

Currently they want to buy everything and anything relating to Angry Birds, Skylanders & Super Mario, new apps.  So when they have enough money to get a decent toy we go and buy it.  Its gives me great relief knowing they earned it!  As they are getting older, I'm looking forward for chores equating to cash!  Being a parent does have perks!

This post is my entry into the Tots100 / Rooster Bank Pocket Money Competiton