As I promised– Part II–
As I mentioned yesterday, having experiences not things has become a family philosophy. Now more than ever, as our oldest surpassed the age of 5 and is getting many more wants, we find ourselves defending this philosophy with much more vigor.
Our “experience not things” philosophy helped guide us through some of those tricky, how-do-you-do-it moments of parenthood that seemed standard when we were children, but upon further reflection, didn’t set up the tools with which we each needed upon becoming an adult. Example: a financial education!
In support of our philosophy, experience not things, we decided to give our kids money– but not in return for anything. Not allowance. Just because we want them to experience money and how to spend it. Of course, we guide them in how they can use it– like many parents that give their children money, we make them split their money into thirds– save, spend, share. This is not an original idea– a much more famous personal finance guru (whose name, if I could remember, I’d credit) suggested that children should be given money in some way so that they can experience it.
Also, guided by our experiences rule, our children get to experience being a part of a team. We have the expectation that they contribute in age-appropriate ways to the family household, in managing the things we do have. Sometimes it is an easy task to motivate them to get the odd-jobs done around the house. Other days, it isn’t so easy! Check back on Monday for our top tips on getting your kiddos to help out around the house!