Teaching Children the Value of Money

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My daughter, Sarah, has managed to injure her shoulder and has been in pain lately.  Her daughter, Ingrid, age 4, wanted to do something to help, so she and I opened a little lemonade stand yesterday.  This is how she greeted her customers:

The agreement was that she would do the work that it took to open the stand and that she would save 1/3 of the money earned, give 1/3 of it away and keep 1/3 of it to buy something for herself.

So many parents forget to teach their children the value of money when they are young.  I observed Ingrid thinking about this yesterday, planning which piggy bank she would put her funds into, making plans to buy herself something special, but most importantly, how she could help her mother.  She was most sincere about her intentions, and did not hesitate to discuss this with her customers.  I just sat on the porch and watched her in amazement as she dealt with customer after customer.

customers

I was so impressed by her maturity and the selfless nature of her endeavors.  She wanted to give her mother ALL of her money for chiropractic treatment, but we insisted that she do the 1/3’rds thing.

Ingrid worked so hard throughout the process!  She squeezed the lemons herself while I made the lavender-infused simple syrup to add to the juice.  I did not hear a single complaint from this child!

lemonade

 It  was unusually hot for a Portland day, but Ings patiently sat at her little station can called out to people as they passed.  I had to make sure she had plenty of water on hand so she wouldn’t get dehydrated.  I could only let her stay out for about half an hour because I didn’t want her to get overheated.

ingrid sipping

 This is a picture of her with her first earned dollar!  I’m going to frame it for her.

dollar

There are simply no words to describe how proud I am of this little child.  She knows the meaning of the word, “benevolence” and asked me, “Gams, is it really, really benevolent to do this for my mama?”

 “Yes, Ingrid,” I replied.  “It certainly is!”

She smiled.

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