Saturday, August 31, 2013

Tan Family $

Talking about the Tan Family $... Here's how it came about.

Mummy gives the kids $20 every Monday. They can use the $ to buy a cup of cold drink for $1, 30 mins of iPad play time for $2, 15 mins of massage for $2, etc. In return, for each good deed done, or helping mummy out, or doing well for enrichment class, and scoring for spelling, they get to earn $1.

I hope to inculcate the importance of $, their knowledge in budgeting, controlling their expenditure, restricting their time spent on iPad, helping one another, etc.

Daddy came up with an incentive for them. Whoever can save up $50 will get to buy a toy of half the value.

So far, Brandon is the only one who's trying hard. He controls his spending and tries to help out to earn extra $. Caden on the other hand spends lavishly on iPad time. But, he can manage it well by timing his own expenditure to last for a week.

Let's see how this game can last and what it can teach them.

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