When your child asks you for something (they need, want, etc.) what do you do?
When my boys need something (school supplies, clothes) it’s pretty easy. For non-essentials, I typically weigh the pros and cons, we discuss as a family if pricey (can we afford, is this a good use of our money—often turns into financial discussions/teaching moments with kids, etc.), and then we decide.
My oldest found a sports camp he wants to go to. It’s a single-day camp and pricey (not crazy pricey, but enough to make you at least weigh the pros and the cons). I knew how much he wants to go to the camp. My husband and I discussed the cost and agreed we’d let him go. By the time my husband and I connected on this we were full into our workdays and my son school, so I decided to text him to share the good news , he could go to camp but with some conditions. “Your father and I discussed and you can go to the camp. In return I’ll take a daily hug, you need to make sure all the dishes are done before you go to bed, and lessen the sass towards mom.” I said all of this ending with a smiley face 😊 to let my son know I was serious, but also that it was coming from a place of love.
I expected his response to be “great” or “thanks,” instead he responded with the following in rapid fire: are you sure? I can pay for it? Can we talk about this before you sign me up? Was my son ‘adulting’ on me? I texted him back, “We can cover — is hugging me really that bad? 😊 We’ll discuss tonight before we register you.” He responded “Thanks.” It seemed like he was being very pragmatic and he got me thinking. Does he not want to go? Is there something about the camp that worries him? What’s prompting this desire to part with money? My son rarely spends money, he’s always saving it which made me think am I missing an opportunity for my son to feel good about spending his hard earn money in a way that feels good to him?
That night we talked about it. My husband and I explained that we would cover the cost for this camp, but other specialty camps he might want to do over the summer he could cover. My son was excited, and we felt like we’d found a happy medium. Reflecting on the situation I realize my son is getting closer to adulthood daily and I need to start leaning into that more (vs holding onto the vision of him being young and more dependent). It may be uncomfortable for me, but the more I practice it the easier it will become.
How are you helping your child make money choices? How are you helping them prepare to be independent?