Living the very privileged life that we do, one of our parenting objectives is to try to ensure that our girls know the value of money. Poverty is evident here in Malaysia and I am bombarded with questions from Rosie about where the poor children live, what they eat, what they play with and more. It's very difficult for her to understand and I have to remember just how young she really is when I'm trying to explain. I don't want to freak her out about stories of orphans and abuse but I maintain that it's important that she knows how lucky we are to have everything we need and most things that we want. I'm debating at the moment the pocket money issue. She needs to know that you get nothing for nothing so I'm trying to come up with a list of chores that an almost 5 year old can reasonably be expected to complete, without prompting and yelling, in order to earn her allowance. There's an argument to say that pocket money is unnecessary and overindulgent and since she needs nothing more than she has, what's the point? The point is that she is becoming aware that things cost money, and she needs to know that things cannot be justifiably bought for no reason other than that she covets them. In trying to introduce the earning and saving concept, it's hoped that she'll learn the value of money in a practical way.
I'm hoping that she'll have no problem staying focused on earning her pocket money if the number of times that I have to raid her wallet to retrieve the cash that she's liberated from mine is anything to go by. She also has a rule that if she does the handing over of cash in a shop, she pockets the change and promptly squirrels it. Her father's daughter me thinks......

