Reply to What limits do you have around “I have to have this or I won’t fit in” “I’ll get made fun of”?

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Reply to "What limits do you have around “I have to have this or I won’t fit in” “I’ll get made fun of”?"

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[quote=Anonymous]I like for kids to have skin in the game. If they want something expensive, they can earn money (chores, babysitting, tutoring, etc.) in order to help pay for those things. I think it’s a good life lesson that they need to work for the things they want. I also talk to my daughter about not buying things impulsively and waiting to purchase things in case the desire to own something is short lived. Lastly, when my daughter said that a middle school classmate perceived her as being poor because her phone was a basic old Android, we set up a teen bank account for her with about $1,000 and began giving her an allowance. Suddenly, she didn’t want to spend all her money to buy an iPhone but felt empowered because she did have the money to buy one if she wanted. She eventually saved up her babysitting/birthday/holiday gift money and bought her own iPhone in 8th grade. She is so proud that she bought that phone with her savings/gifts/earnings instead of just having it handed to her. [/quote]

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