For about a week straight, no matter where we went, my 7 year old consistently asked for me to buy her something.
At the check-out stand in Wal-Mart: “Mom, can you buy me this pack of gum?”
Driving home from gymnastics: “Mom, can you buy me an ice cream cone?”
Even watching a commercial: “Mom, can you buy me that toy? I don’t have it.”
It was when we went into a motor sports shop for accessories, that Ad saw this sweet little number, just her size, marked at $4500 and begged us to buy it for her, that I realized it’s time to teach her the value of money.
My dad was/is an accountant and I remember throughout my childhood (probably starting in my infancy), my dad instilled in our brains the value of a dollar, and how to earn it. Yes, we even had our own balance ledgers were we were to document our credits and debits of money earned and spent. I knew that if I really wanted that box of assorted donuts from the grocery store, I needed to earn my own money. So, my sister and I would bake a variety of cookies and brownies and take them around the neighborhood in our little red Radio Flyer wagon.
It’s no surprise that I was pleased when my daughter decided to start her own money-earning project similar to mine. Only, instead of selling baked goods, she wanted to sell lemonade. And instead of donuts being the goal, she’s shooting for Disneyland! I like her style.
Before we sent this entrepreneur out to make some money, we decided she needed to learn about it first. So, we counted the money from the piggy banks, taught the difference between each coins and took turns role playing consumer and cashier, learning how to return correct change.
We discussed loans, inventory, and good customer service skills. Once we purchased all the necessary products, and went over the sales plan, they were off! Since we were still experiencing colder weather in Rexburg (shocker!), she opted for Hot Chocolate as the sales item. So, bright and early, before her school started, we packed up the wagon with all the goods and set up shop right on the corner of the crosswalk across the street of the university. Just in time to catch all the students trying to make their 7:45am class.
For little girls who normally are somewhat reserved around “strangers”, they sure found some confidence to walk right up and talk with these students. Apparently, Disneyland is enough motivation to open up even the shyest of personalities!
Before they knew it, they were not only selling cups of hot chocolate, but receiving tips as well!
Who says it’s not beneficial living next to a large university with 15,000+ student attending!
More to come after their next endeavor of selling lemonade now that the weather is warming up. Will they make their goal?? Stay tuned…