Treats using his own $$$

After accumulating some coins over 3 weeks, he decides to spend his money from "spending" box
He has $3 in total

We go to IMM today since he wants to play bowling in virtual world
Mommy told him that he has $3 means he has 3 chance to play since each play needs 1 token equal to $1

First, he exchanges $1 to 1 token and plays bowling
Then, he carefully chooses what he wants to play and decides to play bear eating apple and uses up another $1

Mommy warns him, he has left with $1 coin, and gives him option to save, to play or buy mcdonald ice cream
If saving, he can play and buy more sweets, if playing, he can play but get nothing, if buying ice cream, he will get ice cream and may have some coins left

He decides to buy ice cream
Then there are options to choose
Vanilla or chocolate, vanilla cost $0.80 means he still get 20cent change to be kept in his box or chocolate cost $1 and left with nothing

He choose vanilla

So he enjoys himself, can play, eat ice cream and still left $20 cents in his box

Hehe smart choice!

Starting to learn money value

Starting this june, mommy and papa want to teach him about money and its value as well as delayed gratification

The rules :
- Richie has 3 coin banks : saving box (for buying toys), spending box (for buying sweets and snacks), charity box (for church offering)
- Mommy will give him 50 cent everyday for him to put into coin banks as he wishes
- When he helps mommy out to mind tromson, he will get 20 cent
- He only can buy toys, sweets or snacks as he wishes when he has enough money to buy

The lessons for him :
- Learns that money is not coming from tree or atm
- He needs to make his own decision where he wants to split the money
- Delay gratification : he needs to wait if he wants something to buy
- He learns that money is for sharing to less fortunate people through donation

Happy saving boy !

 

Donating money

Today, Mommy brought Richie to library @ West Mall to return and borrow new books.
On way back to Bus interchange there's a young boy holding a can and mommy knew that it's flag day and when mommy and richie was about to pass him, turn out he's from NUS..this reminded mommy about old days school when mommy did the same thing stood for so many hours holding the can and hoped people dropped some coins inside the can.

Mommy then thought of teach Richie about donating too, so mommy gave him a coin and asked him to insert the coin into the can.
He's a bit blurr but still he did it and got the sticker hehe...when we passed another young boy holding a can, mommy gave him another coin again to insert into the can and he got another sticker too.

When we were at home, he didn't want to take off the stickers out from his shirt hehe...I guessed he was proud that he donated money and got stickers
Anyway, good job boy !

Mommy hoped you have generous heart and be a gentleman