When Your Kids Have ‘Got It’ About Money
Welcome back!
We had another one of those “feel good” moments this week – you know, the ones where you sit back and marvel to yourself “they actually WERE listening, after all …”
In this part of the world, interest rates have been going up steadily. The twins came home from school the other day a bit confused because one of their friends had “gone off” at another of their friends for buying something from the canteen.
“You’re not supposed to buy anything,” this 13-year-old yelled at her friend, “Don’t you know interest rates are going up?”
“What’s that got to do with anything?” asked the confused ‘villain’.
“You can’t spend money at the canteen or our mortgage will cost more,” railed her accuser, “and then I won’t get new jeans for my birthday!”
This girl has been getting some messages about money from her parents, clearly, but she seems to have things a little muddled.
“Do you think her parents told her she couldn’t spend money at the canteen because their mortgage payments were going up?” one of my twins asked me.
“Probably,” I grinned.
At this point the older one, aged fourteen, who had been playing The Sims and apparently ignoring the whole interchange, suddenly piped up with “That’s silly. They should just get a fixed interest rate and then it wouldn’t matter.”
The twins nodded in agreement, and that’s when I realised that the whole thing has been worthwhile …
August 31st, 2010 at 11:03 am
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