Anonymous wrote:OMG. The ignorance and privilege in these responses is so embarrassing. I'm so embarrassed for all of you. "OP, you say you don't have an extra $30? You can solve that problem by magically saving an extra $30 that you don't have!" Ick.
I'm sorry OP. That situation sounds really frustrating. You've worked really hard to save for your kids and they seem to lack awareness of that. But they are just kids.
FWIW, I think this is a pretty common occurrence at camp, kids giving other kids money for whatever reason. Sometimes it gets paid back, sometimes it doesn't. I know you probably felt a burden to pay the other family back, but you really didn't/don't have to. My son has given kids money and sometimes they pay him back (and then they lend him money if he forgets) and sometimes they don't pay him back (then he learns to think carefully about lending and saying no). It's a small way for kids to experience consequences for their actions, good and bad.
Ditto. OP- you were totally right in your response. It's never too early to teach kids about choices and money.
My widowed mom did something similar to me when I was 6. It is one of my first memories and was very hard at the time and I didn't fully understand. With that and a couple other instances, I learned the value and appreciation of a dollar earlier than most of my peers.
You know what- I am a successful CFO now, and I still teach the same lessons to my children.
No, you don't have to indulge your kid with ice cream at camp. It is a good lesson that treats cost money and money doesn't grow on trees.
There are children across the world who have real problems, like not enough food daily and not a good safe loving home.
Teaching kids money issues and responsibility early produces responsible, resourceful kids.