20 June 2014

Earning Pocket Money

We have three children aged 6 ,8 and 9. One of my frustrations had been the weekly handing out of pocket money so earlier this year I let the children know it would be a good idea to do something towards their pocket money, or even better still earn it themselves. The kids threw in a few ideas of what they could do, most of which required mum and dad to pay. I then told them about the people in my office who daily buy coffee and cookies from a near by coffee shop. As they were paying $1 for the cookies, I told the kids I was sure they would be happy to pay half that (50 cents).

I told the kids I would ask my boss if it was ok to make cookies and put them in a container in the lunch room with a note asking for 50 cents towards the cost of each cookie. He said it sounded great to him.

Since then the kids (with help from Dad) have been baking and selling about 60 choc chip cookies a week. The cost of the each cookie is about 20 cents, leaving 30 cents from each one to go to the kids. We are now experts and can make and bake them (60) in about 40 minutes.

We see three benefits:
1. we have now saved on paying out pocket money
2. the kids have extra money to spend or save
3. the kids are learning that money is earned.
Contributed by Garry

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