Sunday, November 6, 2011

A Penny Earned is a Lesson Learned

This actually happened several months ago....Lincoln began constantly asking us to buy him toys, candy, etc.  So, being the brilliant mother that I am I decided that Lincoln needed to learn the value of money.  He really wanted this toy motorcycle that he saw at Walmart for $3.50.  I told him he could earn his money, just like mommy and daddy, and save up to buy it.  We came up with a plan that if he would make his bed every day then at the end of the week he would earn a quarter. If he took the garbage out twice a week he could earn a quarter also.

It took about 2 months of working and saving but finally, the day came when he earned his last quarter, topping off at just under $4.


That night, we had a family home evening lesson on tithing and he set aside 10% to give to the bishop on Sunday.


It was finally the big day.  We went to Walmart, Lincoln picked the motorcycle he wanted, and then he paid for it himself.



This was one happy kid!


Since then Lincoln has slowed down on the money saving and doesn't make his bed EVERY day but he doesn't just ask for money anymore.  He asks to do a chore to earn money.  So we feel pretty good about that.  Lesson learned!


A few days later, Lincoln came home from school and said, "Mommy, I'm going to spend all my money on candy and tattoos!"  We're so proud.

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