Kyler has wanted a Nintendo DS since he entered our home three years ago. Unfortunately for him, I have never purchased one of these gaming units for my kids, nor will I. Undeterred, I have seen this “gift idea” show up on birthday and Christmas lists, all to no avail.
Added to the table set-back, Kyler also has a history of paying a lot of fines to me at the end of the month. Each time this happens I remind him he has control over these fines and if I were him, I’d rather see the money go in my envelopes instead of my mom’s wallet. The last two months he has indeed been fine-free and has enjoyed the benefit of being able to keep his entire monthly budget.
Yesterday was the first of the month – budget day at our house – and he finally, after nine months, had enough money to purchase the Nintendo DS (+tax…oh the realities of purchases). It was kind of exciting driving to Target with all that cash in his hand and hopefully a sense of accomplishment in his heart. When we got home, he was very excited and had it open within seconds!
He has to have learned much through this process, I am hoping he picked up on these big ones:
- He has control over his “wants”.
- A little becomes a lot over a period of time.
- Waiting to get what he really wanted was worth it.
- Pride in himself for accomplishing this goal.
Its hard to say what he will pull out of this experience, he still doesn’t share a lot of his feelings, but I do feel this was a priceless lesson, and I am so proud of him.
Click here to read about how we teach our kids to manage money.