Children and pocket money – hard work pays off
I recently wrote a set of articles about encouraging children to go beyond earning their weekly pocket money and develop their business ideas as a young entrepreneur.
This came about because we were experiencing a lot of negativity from our eldest daughter, which we were keen to nip in the bud. My husband is a big advocate of the power of positive thinking and so he bought some books to read with our daughter. One set was about school boy Alfie Potts who, with the help of his dad, becomes an entrepreneur. Alfie learns that things aren’t just given to you, you have to earn them and that with positive thinking and hard work, you can achieve your goals.
These books inspired our daughter and from this she decided that she was going to save up some money. At first she didn’t tell us what it was for, but asked if she could do some jobs. So we set up a weekly schedule of chores that she could do, with a cost per job and she worked relentlessly everyday from then on.
Eventually she told us that she was saving for an iPad mini and was a little despondent when we told her how much they cost. But when relatives heard of her ‘plight’ and how hard she had been working, extra donations came trickling in! My husband then stepped in and gave her a challenge. If she saved up a certain amount then he would match it, as a reward for all the hard work she had put in.
So after five months my daughter finally made it. She is now the very proud owner of an iPad mini, the receipt of which was made all the more sweeter by the fact that she had paid for the majority of it by herself. Now she has seen where hard work and determination can get you and she even sympathises with me about all the housework I have to do!
The great thing is, well, apart from the fact that I have my own little home helper, is that from now on my daughter will continue to earn her own money because she wants to buy things for herself. She has learned the value of things and appreciates that mum and dad have to work hard to provide for the family, so she knows that if she wants something, then she must work for it too.
On top of this, and since I wrote the articles about bringing up a young entrepreneur, she has been thinking of ways in which she could start her own little business. Watch this space!