They think we have lots of money. Like "a hundred dollars" in the bank. That's not because we're constantly buying things or showering them with gifts, but because we are grown up and we work and we give them pocket money, and we go to the supermarket and pay for things, so we must have lots of money.
(I do tell them we don't have lots of money; but I don't want them to worry that we're poor either).
We give them $2 a week pocket money which they mostly save. Whenever they want something I say "Well, if you REALLY want it you could buy it with your pocket money", and then they get me to help them do sums, to find out how much money they'd have left if they bought this thing, and then usually, once they understand the true value/cost of what they want, they decide not to buy it. And that makes me proud, except sometimes when I have to stop myself from saying "Dude, you should totally go for it, it's only three dollars, man!"
But their notions of what money is worth are still skewed.
In their world, there is a sliding scale of value to money which goes like this:
- notes are always worth more than coins. A five-dollar note is more valuable than five one-dollar coins
- a ten dollar note is more valuable than two five-dollar notes
- a gold one-dollar coin is worth WAY more than five twenty-cent pieces
- a shiny gold coin is worth more than a dull gold coin
- a two-dollar gold coin and a one-dollar gold coin are of roughly equal value (unless one of them is shiny)
- a commemorative coin is worth more than a normal coin
- the greatest value of all is a shiny, commemorative two-dollar coin. Really tempting even compared to a five-dollar note.
- silver coins (fives, tens, twenties and fifties) are worth very little; even when you group them together to make up $2, they are worth so much less than an actual $2 coin. An actual SHINY $2 coin? Forget about it!
Do / did you give your kids pocket money?