Inspired Momx1

Wednesday, February 9, 2011

Your Money, My Money



My boy is given RM40 a month as his monthly allowance though he brings lunch box to school.  Since starting of this year, I have drawn out a simple ledger sheet for him to record his in and out money transactions and the savings goes into his piggy bank, it's a pouch actually but he likes to refer to it as such.  He gets to buy something that he wants, of course with my approval.  So far, he has spent on a skipping rope and some books from his savings.  I must say that he is reasonably careful with his money. (Read: HIS MONEY)

Whilst on our way home after fetching him from school this evening, we had this conversation in the car:

Ian:  Mommy, the uncle came today and gave us this form.  Remember, the bling bling colour pen and colouring book that we bought last year but this one is different.  It's RM20 ONLY. (Read: ONLY)

Mommy: Ok but remember, the colour pen didn't last long.  Are you sure you want to buy it?

Ian: Hmmm.. yes..

Mommy: Ok then. You have until tomorrow morning to think if you should have it.  The money will be from your piggy bank if you really want to buy it.

Ian: Huh? But it's expensive (Read: EXPENSIVE now, no more RM20 only).. 

Upon reaching home....

Ian: Mommy, I think I don't want to buy already.  It's not so good quality and won't last long.

Mommy: ..............

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11 Comments:

OpenID suituapui said...

LOL!!! Clever boy...

February 9, 2011 at 8:07 AM  
Blogger Sheoh Yan said...

This is indeed a very good sharing information. Ian is so stingy. Hahahaha!

February 9, 2011 at 8:43 AM  
Blogger Yvonne said...

At this young age, Ian already knows to make decision and manages his financial well, kekeke... Smart!

February 9, 2011 at 9:07 AM  
Blogger Annie Q said...

Wow..so young already know how to manage his finance well. Good training, mummy do a good job. :)

February 9, 2011 at 2:33 PM  
Blogger Hayley said...

LOL smart boy! :D

February 9, 2011 at 4:26 PM  
Blogger reanaclaire said...

That shows he felt the pinch! hahahaa... when the money is not his but mommy, then it is super cheap! Hey, my kids till today are like this.. hahaha...

February 9, 2011 at 5:42 PM  
Blogger michelle@mybabybay said...

Hahaha...true what, if he use your money, it will not be expensive. If he use his, it will be 50% of his allowance. That's expensive. He knows his Math!

February 9, 2011 at 8:52 PM  
Blogger Shenny's mommy said...

Haha...Ian pandai kira juga.

February 9, 2011 at 9:27 PM  
Blogger Alice Law said...

LOL... such a realistic boy! I think it's great idea that you record all his expenses and saving with a ledger!

February 10, 2011 at 11:59 PM  
Blogger Nand said...

Very tasty food I really like it. I will taste it but and try to my home base.
thanks for the nice post.

Romantic Dinner

March 14, 2011 at 1:16 PM  
Blogger Nand said...

Oh very sweet and tasty food I like this food can thanks for the nice idea and instruction I love more than.

Travel Tourism

March 14, 2011 at 1:19 PM  

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