I have been very careful not to purchase any books or toys for Aaron when he is around. I just didn't want him to get into any sort of tantrum habit of demanding us to buy him stuff. He has definitely asked me to get him things and he knows that things need to be bought with money but so far, my response is that we'll need to save our money first. The money in my purse is for buying important stuff, like food. He seems to accept it.
He also understands the simplistic concept that people, like his father, need to go to work in order to earn money.
Recently, I also taught him that if we sell things, we can also get some money. We sold an old pile of newspapers for RM 1.80. He's got that money in his money box at the moment.
We were playing with the RM 1.80 worth of coins today. Buying and selling his trains and trucks. As he was running low on coins, and couldn't "buy" anything else, he said something like 'Oh No, I'm wasting my money. There is none left'. I rejoiced for a moment, thinking he had started to understand the value of money. The moment was fleeting as his next move was to try to bargain with me to lower the price.
I tried to show him that if we spend all our money without thinking, we will have none left for when we really need it. And what do you think he says?
"I KNOW! We can just go to the ATM. They have money in there."
*sigh* I tried to explain to him that it wasn't so simple. He ran to get one of his Thomas & Friends collectible cards and he told me that he had a card to put into the ATM. I don't think he gets it yet.
Life sure is simple when you're Aaron's age.
I still haven't figured out a long term approach for how we'll teach Aaron the value of money and the responsibilities that will come with (or without) it. So far, all I know is that I don't think I want to teach him to earn through chores. I want him to know that chores in a house need to get done because thats how a household works and not because it will earn him some money.
So, we're back to finding other ways of growing his RM 1.80. I think I'll show him the tall stack of old newspapers at his great-grandmother's and see if any lightbulbs go off in his head.